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Origin Bancorp, Inc.·4/A

Jul 15, 3:12 PM ET

Farr Meryl Kennedy 4/A

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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.