Crotwell Jim 4

What Happened Jim Crotwell, Chief Risk Officer of Origin Bancorp (OBK), had 715 restricted stock units (RSUs) convert into 715 shares of common stock on February 17, 2026. To satisfy income tax withholding, the issuer withheld 215 of those shares at $43.98 per share (total $9,456). The net result was 500 shares delivered to Crotwell. This was a vesting/net-settlement event, not an open-market purchase or sale.

Key Details

• Transaction date: February 17, 2026. Form 4 filed February 19, 2026 (timely, within the usual two-business-day window).
• Conversion (code M): 715 RSUs -> 715 shares.
• Tax withholding (code F): 215 shares withheld at $43.98/share = $9,456 (not an open-market sale; withheld to satisfy tax obligations).
• Net shares received by insider: 500 shares.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 = RSUs convert 1-for-1; F2 = withheld shares represent tax withholding/net settlement (not a sale); F3 = RSUs were granted Feb 17, 2023 and vest ratably over three years (first vest Feb 17, 2024).
• Transaction codes explained: M = exercise/conversion of a derivative (here, RSU vesting); F = payment of tax liability via share withholding.

Context This was a routine RSU vesting and net settlement (issuer withheld shares for taxes). Withholding to cover taxes is common and does not signal an open-market sale by the insider. The economic value of the withheld shares was modest (~$9.5k); purchases would generally be considered a stronger bullish signal than routine vesting.