McGee Derek 4

What Happened
Derek McGee, Chief Legal Counsel at Origin Bancorp (OBK), had 1,003 restricted stock units (RSUs) convert into common shares on February 20, 2026. Of those shares, 336 were withheld to satisfy tax withholding obligations (withheld value reported as $14,774 at $43.97/share), leaving a net issuance of 667 common shares to McGee. On the same date he received a new RSU grant of 2,843 units (derivative award).

Key Details

• Transaction date: February 20, 2026; Form filed February 24, 2026 (appears to be filed after the typical two-business-day window).
• Converted/issued: 1,003 RSUs → 1,003 common shares (F1/F3/F4 references).
• Tax withholding: 336 shares withheld at $43.97/share = $14,774 (code F; withholding, not an open-market sale per F2).
• Net common shares received on settlement: 667 shares (1,003 issued − 336 withheld).
• New award: 2,843 RSUs granted on Feb 20, 2026 (vest ratably over three years; first vest date Feb 20, 2027 per F5).
• Origin of vested RSUs: the 1,003 conversion relates to a prior 2025 grant that began vesting Feb 20, 2026 (per F3).
• Shares owned after the transaction: not stated in the supplied excerpt of the filing.
• Codes: M = exercise/conversion of derivative (RSU vest/settle); F = tax withholding; A = award/grant.

Context
RSUs convert into common stock on a one-for-one basis or may be settled in cash as the issuer determines (footnotes F1, F4). Withholding of shares to cover taxes (F2) is a routine administrative action and does not indicate an open-market sale. The new RSU grant vests over three years (standard retention incentive) and the filing date suggests the Form 4 was submitted one business day later than the typical two-business-day reporting window.