Origin Bancorp (OBK) Director Meryl Farr Kennedy Exercises RSUs

What Happened
Meryl Farr Kennedy, a director of Origin Bancorp (OBK), had 407 restricted stock units (RSUs) convert into 407 shares of common stock on August 20, 2026 (reported as a derivative exercise/conversion). The filing also reports a disposition of 407 shares at $0.00 the same day. The matched acquire/dispose amounts are consistent with RSU vesting where shares are converted and an equal number are withheld to satisfy taxes — resulting in no reported cash proceeds and likely no net change in beneficial ownership.

Key Details

• Transaction date: August 20, 2026 (reported on Form 4 filed August 21, 2026 — timely filing).
• Transaction code: M = exercise/conversion of a derivative (RSU conversion).
• Shares: 407 RSUs converted to 407 common shares; 407 shares reported disposed at $0.00.
• Price/Value: Acquisition price not applicable (RSU conversion); disposed shares shown at $0.00 (no cash reported).
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes:
  • F1: RSUs convert into common stock on a one-for-one basis.
  • F2: The reported shares are held by the reporting person’s spouse and were acquired pursuant to RSU awards and purchases under an employee stock purchase plan in connection with the spouse’s employment with Forth Insurance (a subsidiary).
  • F3: The RSUs were granted Aug 20, 2025 and vest ratably over three years; first vest date was Aug 20, 2026.

Context

• This appears to be a routine RSU vesting event rather than an open-market buy or sell. When RSUs vest, companies commonly convert them into shares and withhold an equal number of shares to cover taxes; that pattern explains the simultaneous acquisition and $0 disposal reported here.
• The filing does not indicate a sale for cash or other transfer that would signal an intent to reduce holdings.