0001516912-23-000151.txt : 20230822
0001516912-23-000151.hdr.sgml : 20230822
20230822131815
ACCESSION NUMBER: 0001516912-23-000151
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230818
FILED AS OF DATE: 20230822
DATE AS OF CHANGE: 20230822
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mills Drake
CENTRAL INDEX KEY: 0001737362
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38487
FILM NUMBER: 231192198
MAIL ADDRESS:
STREET 1: 500 SOUTH SERVICE ROAD EAST
CITY: RUSTON
STATE: LA
ZIP: 71270
FORMER NAME:
FORMER CONFORMED NAME: Mills Drake D.
DATE OF NAME CHANGE: 20180412
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Origin Bancorp, Inc.
CENTRAL INDEX KEY: 0001516912
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 721192928
STATE OF INCORPORATION: LA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 500 S SERVICE ROAD EAST
CITY: RUSTON
STATE: LA
ZIP: 71270
BUSINESS PHONE: 318-242-7500
MAIL ADDRESS:
STREET 1: 500 S SERVICE ROAD EAST
CITY: RUSTON
STATE: LA
ZIP: 71270
FORMER COMPANY:
FORMER CONFORMED NAME: Community Trust Financial Corp
DATE OF NAME CHANGE: 20110329
4
1
wk-form4_1692724684.xml
FORM 4
X0508
4
2023-08-18
0
0001516912
Origin Bancorp, Inc.
OBK
0001737362
Mills Drake
500 SOUTH SERVICE ROAD EAST
RUSTON
LA
71270
1
1
0
0
Chairman, President and CEO
0
Common Stock
2023-08-18
4
M
0
4126
A
139337
D
Common Stock
2023-08-18
4
F
0
1118
31.02
D
138219
D
Common Stock
3466
I
By IRA
Common Stock
53012
I
BY ISSUER RETIREMENT PLAN
Restricted Stock Units
2023-08-18
4
M
0
4126
0
D
Common Stock
4126
4126
D
Restricted Stock Units
Common Stock
3112
3112
D
Performance Stock Units
Common Stock
129735
129735
D
Restricted Stock Units
Common Stock
129736
129736
D
Restricted Stock Units
Common Stock
5271
5271
D
Restricted stock units convert into common stock on a one-for-one basis.
Represents the number of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
Granted on August 20, 2021, vesting ratably over three years with the first vest date of August 19, 2022.
Each restricted stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer.
Granted on February 18, 2022, vesting ratably over three years with the first vest date of February 17, 2023.
Each performance stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer.
The performance stock units ("PSUs") are eligible to vest based on achievement of five pre-established stock price hurdles (each, a "Stock Price Hurdle") during a seven-year performance period beginning on December 13, 2022. Each of the five tranches of PSUs will vest on the later of the date that the applicable Stock Price Hurdle is achieved or the third, fourth, fifth, sixth and seventh anniversaries of the grant date.
Granted on December 13, 2022, vest twenty percent on each of the third, fourth, fifth, sixth and seventh anniversaries of the grant date, starting with the first vest date of December 13, 2025, and settle as soon as administratively possible following the applicable vesting date, but in any event within 30 days thereof.
Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.
/s/ Drake Mills
2023-08-22