Origin Bancorp (OBK) CFO Wallace William J. IV Receives RSUs; 593 Shares Withheld

What Happened

• Wallace William J. IV, Chief Financial Officer of Origin Bancorp (OBK), had 2,226 restricted stock units (RSUs) convert into common stock on August 19, 2026. Of those, 593 shares were withheld to satisfy tax withholding obligations, valued at $52.51 per share (total withheld value $31,138). The net-settlement withholding is not a market sale.

Key Details

• Transaction date: August 19, 2026.
• Primary actions reported:
  • Exercise/conversion of derivative (code M): 2,226 RSUs converted into common stock.
  • Tax withholding (code F): 593 shares withheld at $52.51/share for tax remittance = $31,138.
  • A related derivative line shows a $0.00 entry (common in RSU net-settlement reporting).
• Footnotes of note:
  • F1: RSUs convert one-for-one into common stock.
  • F3: The 593 shares were withheld to satisfy income tax withholding and do not represent an open-market sale.
  • F2: Filing notes 851 shares were purchased under the company ESPP for the 2025–2026 purchase period (included in holdings disclosure).
  • F4: These RSUs were originally granted Aug 19, 2022 and vest ratably over five years starting Aug 19, 2023.
• Shares owned after the reported transaction: not specified in the excerpt of the filing provided.
• Timeliness: filing flagged as late (L) — the report was filed Aug 21, 2026 for transactions on Aug 19, 2026.

Context

• This was a routine RSU vesting and net tax settlement (partial withholding), not a market sale. Net settlement is common when companies withhold shares to cover tax obligations upon vesting and should not be read as a directional buy/sell signal.