Brolly Stephen H 4

What Happened

• Stephen H. Brolly, Chief Accounting Officer of Origin Bancorp (OBK), had 699 restricted stock units convert into common stock on February 17, 2026. Of those, 297 shares were withheld to satisfy tax withholding obligations (297 × $43.98 = $13,062), leaving a net 402 shares issued to Brolly.
• This was a vesting/conversion of RSUs (an award becoming stock), not an open-market purchase or a voluntary sale. Withholding of shares for taxes is a routine administrative step and not a market sale.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely under Form 4 deadlines).
• Actions reported: conversion/exercise of derivative (code M) — 699 shares vested/converted; tax withholding (code F) — 297 shares withheld at $43.98/share for $13,062.
• Net shares received by insider: 402 shares (699 vested − 297 withheld).
• Shares owned after transaction: not disclosed in the provided report.
• Relevant footnotes:
  • F1: RSUs convert one-for-one into common stock.
  • F2: Withheld shares represent income tax withholding and do not represent a sale.
  • F3: The RSUs were granted Feb 17, 2023 and vest ratably over three years (first vest date Feb 17, 2024).

Context

• This was a scheduled RSU vesting (award conversion). The withholding is a standard net settlement to cover tax obligations — common and not necessarily indicative of insider sentiment.
• For retail investors, vesting events increase insider-held shares but do not reflect a buy or sell decision by the insider.