McGee Derek 4

What Happened

• Derek McGee, Chief Legal Counsel of Origin Bancorp (OBK), had restricted stock units (RSUs) convert into common stock on Feb 17–18, 2026. A total of 3,232 RSUs vested (999 on Feb 17 and 2,233 on Feb 18). The company withheld 372 shares (valued at $43.98 each) on Feb 17 and 765 shares (valued at $43.73 each) on Feb 18 to satisfy tax withholding, totaling $49,814. After withholding, McGee received a net of 2,095 shares (627 on Feb 17 and 1,468 on Feb 18). The withholding was for taxes and not a market sale.

Key Details

• Transaction types: RSU conversion/vesting (reported with code M) and tax withholding (code F).
• Dates and values: Feb 17, 2026 — 999 RSUs vested; 372 shares withheld at $43.98 ($16,361). Feb 18, 2026 — 2,233 RSUs vested; 765 shares withheld at $43.73 ($33,453).
• Total vested: 3,232 RSUs; total withheld: 1,137 shares valued at ~$49,814; net shares delivered: 2,095.
• Shares owned after transaction: Not provided in the supplied filing details.
• Footnotes: F1 confirms RSUs convert one-for-one to common stock; F2 clarifies withheld shares were remitted for tax obligations and were not a sale; F3 and F4 note the original grant dates and vesting schedules (grants 2/17/2023 vesting over 3 years; 2/18/2022 vesting over 5 years).
• Filing timeliness: Not indicated in the provided information.

Context

• This was a vesting/net-settlement of RSUs (not an open-market sale or purchase). The company withheld shares to cover tax obligations (a common, routine practice), so the withheld shares should not be interpreted as a sale signal. No purchase activity occurred; the event increased McGee’s beneficial holdings by the net number of shares delivered.