Wallace Willliam J IV 4

What Happened

• Wallace Willliam J IV, Chief Financial Officer of Origin Bancorp (OBK), had restricted stock units (RSUs) vest/convert and received a new RSU grant on Feb 20, 2026. Specifically, 802 RSUs converted into common stock (exercise/conversion, code M). To satisfy tax withholding, 277 of those shares were withheld at $43.97 per share (code F) for a withholding value of $12,180. Separately, he was granted 2,843 new RSUs (code A).

Key Details

• Transaction date: February 20, 2026; Form filed: February 24, 2026 (appears timely).
• Converted/vested: 802 RSUs (exercise/conversion, M).
• Withheld for taxes: 277 shares at $43.97 → $12,180 (payment of tax liability, F). This is issuer withholding, not an open-market sale (see footnote F2).
• New award: 2,843 RSUs granted (A).
• Shares owned after the transactions: not disclosed in this filing.
• Relevant footnotes:
  • F1: RSUs convert into common stock on a one-for-one basis.
  • F2: The 277 shares were withheld by the issuer to satisfy income tax withholding and do not represent a market sale.
  • F3: The vested RSUs relate to a grant on Feb 20, 2025 that vests ratably over three years (first vest 2/20/2026).
  • F5: The 2,843 RSUs were granted on Feb 20, 2026 and vest ratably over three years (first vest 2/20/2027).
  • F4: Each RSU is the contingent right to receive one share (or cash equivalent) at settlement.

Context

• This was a compensation-related vesting and grant (not an open-market buy or sell). The withholding of shares to cover taxes is a routine cashless settlement mechanism and should not be read as a sale indicating sentiment.