Farr Meryl Kennedy 4/A
4/A · Origin Bancorp, Inc. · Filed Jul 15, 2026
Research Summary
AI-generated summary of this filing
Origin Bancorp (OBK) Director Meryl Farr Sells Shares After RSU Vesting
What Happened
Meryl Farr, a director of Origin Bancorp (OBK), reported multiple restricted stock unit (RSU) awards, subsequent conversions/exercises of those RSUs into common shares, and an open-market sale. The largest cash transaction shown was an open-market sale of 2,265 shares on 2025-12-26 at $38.37 per share for about $86,908. Separately, 40 shares were withheld to cover taxes at $33.89 (≈ $1,356); the filing notes this withholding is for tax remittance and is not an open-market sale. Several RSU grants (awards) were reported and later settled (exercised/converted) on vest dates.
Key Details
- Primary open-market sale: 2,265 shares sold on 2025-12-26 @ $38.37 = $86,908 (code S).
- Tax withholding: 40 shares withheld on 2025-05-20 @ $33.89 = $1,356 (code F); filing notes this is withholding to satisfy tax obligations, not a sale.
- Multiple RSU awards and settlements: grants on 2023-05-19 (1,573 RSUs), 2024-05-20 (455 RSUs), 2025-08-20 (1,220 RSUs), and 2026-05-20 (845 RSUs) (codes A). RSUs vest ratably over three years with first vesting dates listed (see footnotes F10–F13). Conversions/exercises of those RSUs into shares were reported on vest dates (codes M).
- Amendment: This is an amended Form 4 filed to reflect the reporting person's indirect beneficial ownership of shares held by the reporting person's spouse; the amendment does not change intervening reports.
- Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative (RSU settlement), S = Open-market sale, F = Tax withholding.
Context
- These transactions primarily reflect RSU vesting and settlement (derivative-to-common conversion). Per footnotes, each RSU converts one-for-one into common stock and some shares may be withheld to cover taxes (net settlement).
- The material cash event here is the December 2025 open-market sale (~$86.9K). Tax-withholding shares are administrative and not indicative of a market-sale decision.
- The filing was amended to include indirect (spousal) holdings; it does not allege additional trading intent or a 10% ownership change.
Insider Transaction Report
Form 4/AAmended
Farr Meryl Kennedy
Director
Transactions
- Exercise/Conversion
Common Stock
[F1][F2][F3]2024-05-20+525→ 1,468 total(indirect: By Spouse) - Exercise/Conversion
Common Stock
[F1][F4][F3]2025-05-20+525→ 2,790 total(indirect: By Spouse) - Exercise/Conversion
Common Stock
[F1][F3]2025-05-20+152→ 2,942 total(indirect: By Spouse) - Tax Payment
Common Stock
[F5][F3]2025-05-20$33.89/sh−40$1,356→ 2,902 total(indirect: By Spouse) - Sale
Common Stock
[F6][F3]2025-12-26$38.37/sh−2,265$86,908→ 1,416 total(indirect: By Spouse) - Exercise/Conversion
Common Stock
[F1][F3]2026-05-20+523→ 1,939 total(indirect: By Spouse) - Exercise/Conversion
Common Stock
[F1][F7][F3]2026-05-20+152→ 2,798 total(indirect: By Spouse) - Award
Restricted Stock Units
[F9][F10][F3]2023-05-19+1,573→ 1,573 total(indirect: By Spouse)→ Common Stock (1,573 underlying) - Award
Restricted Stock Units
[F9][F11][F3]2024-05-20+455→ 455 total(indirect: By Spouse)→ Common Stock (455 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F10][F3]2024-05-20−525→ 1,048 total(indirect: By Spouse)→ Common Stock (525 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F10][F3]2025-05-20−525→ 523 total(indirect: By Spouse)→ Common Stock (525 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F11][F3]2025-05-20−152→ 303 total(indirect: By Spouse)→ Common Stock (152 underlying) - Award
Restricted Stock Units
[F9][F12][F3]2025-08-20+1,220→ 1,220 total(indirect: By Spouse)→ Common Stock (1,220 underlying) - Award
Restricted Stock Units
[F9][F13][F3]2026-05-20+845→ 845 total(indirect: By Spouse)→ Common Stock (845 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F10][F3]2026-05-20−523→ 0 total(indirect: By Spouse)→ Common Stock (523 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F11][F3]2026-05-20−152→ 151 total(indirect: By Spouse)→ Common Stock (152 underlying)
Holdings
- 7,663
Common Stock
[F8]
Footnotes (13)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F10]Granted on May 19, 2023, vesting ratably over three years with the first vest date of May 20, 2024.
- [F11]Granted on May 20, 2024, vesting ratably over three years with the first vest date of May 20, 2025.
- [F12]Granted on August 20, 2025, vesting ratably over three years with the first vest date of August 20, 2026.
- [F13]Granted on May 20, 2026, vesting ratably over three years with the first vest date of May 20, 2027.
- [F2]Includes 385 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of June 01, 2021 to May 31, 2022 and 558 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2022 to May 31, 2023.
- [F3]The reported shares are held by the reporting person's spouse and were acquired pursuant to restricted stock unit awards and employee stock purchase plan purchases granted in connection with the spouse's employment with Forth Insurance, a subsidiary of the issuer.
- [F4]Includes 797 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2023 to May 31, 2024.
- [F5]Represents the number of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
- [F6]Includes 779 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2024 to May 31, 2025.
- [F7]Includes 707 shares of Common Stock purchased pursuant to the Origin Bancorp, Inc. 2021 ESPP, for the purchase period of June 01, 2025 to May 31, 2026.
- [F8]Includes 34 shares of Common Stock acquired under an exempt dividend reinvestment plan pursuant to Rule 16a-11 after the date of the original report.
- [F9]Each restricted stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer.
Signature
/s/ Drake Mills, as Attorney-in-Fact|2026-07-15