---
schema_version: "secwatch.filing_event.v1"
accession: "0001516912-22-000182"
form_type: "8-K"
ticker: "OBK"
cik: "0001516912"
company_name: "Origin Bancorp, Inc."
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:06:39.746250+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Origin Bancorp grants CEO $10M one-time stock award with multi-year vesting and stock price hurdles

## Summary
- CEO Drake Mills granted $10M one-time award: 129,736 RSUs and 129,735 PSUs, effective Dec 13, 2022.
- RSUs vest in five equal installments on third through seventh anniversaries; PSUs vest if stock price appreciates 20% per hurdle (100% total) over 7 years.
- Mills agreed to a 2-year non-competition covenant in exchange for the award.
- Board also approved a Nonqualified Deferred Compensation Plan for executives and employees, effective Jan 1, 2023.

## SEC filing metadata
- accession: 0001516912-22-000182
- form_type: 8-K
- ticker: OBK
- cik: 0001516912
- company_name: Origin Bancorp, Inc.
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1516912/000151691222000182/0001516912-22-000182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1516912/000151691222000182/obnk-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001516912-22-000182
- JSON: https://secwatch.observer/filing/0001516912-22-000182.json
- Plain text: https://secwatch.observer/filing/0001516912-22-000182.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.