Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-21

Origin Bancorp (OBNK)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,640,828
Drake Mills total, FY2025
41st
CEO pay percentile vs peers
30:1
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against OBNK
No companies currently name OBNK as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Drake Mills$835,800$0$1,002,984$0$733,063$0$68,981$2,640,828
Chairman of the Board/CEO & President of Origin Bancorp, Inc.
M. Lance Hall600,0000300,0420328,90558,35033,0401,320,337
President and CEO of Origin Bank
Derek McGee475,0000237,5530260,383038,1201,011,056
Chief Legal Counsel
William Wallace IV475,0000190,0740208,307028,879902,260
Chief Financial Officer
Preston Moore475,0000190,0740184,557038,660888,291
Chief Credit & Banking Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Drake Mills$2,640,828$2,544,663$1,722,491+96,165
M. Lance Hall1,320,3371,249,3411,208,529+70,996
Derek McGee1,011,0561,003,192969,272+7,864
William Wallace IV902,260875,854850,212+26,406
Preston Moore888,291893,564879,085−5,273

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Drake MillsRSU2025-02-2012,696
Drake MillsPSU2025-02-206,34812,69619,044501,492
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Drake Mills$0$501,492$0100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Drake MillsPSU129,735$4,879,333
Drake MillsPSU103,7893,903,504
Drake MillsPSU22,774856,530
Drake MillsPSU19,044716,245
Drake MillsPSU12,696477,497
Drake MillsPSU10,122380,688
M. Lance HallPSU6,812256,199
M. Lance HallPSU5,696214,227
Derek McGeePSU5,394202,868
Derek McGeePSU4,510169,621
Derek McGeePSU4,469168,079
William Wallace IVPSU4,452167,440
Derek McGeePSU3,007113,093
William Wallace IVPSU4,315162,287
Preston MoorePSU4,315162,287
M. Lance HallPSU3,798142,843
William Wallace IVPSU3,608135,697
Preston MoorePSU3,608135,697
M. Lance HallPSU3,028113,883
William Wallace IVPSU2,40690,490
Preston MoorePSU2,40690,490
Derek McGeePSU2,39790,151
William Wallace IVPSU1,91872,136
Preston MoorePSU1,91872,136
Drake MillsPSU1,75766,081
M. Lance HallPSU1,26247,464
Derek McGeePSU99937,572
William Wallace IVPSU79930,050
Preston MoorePSU79930,050
05

Incentive-plan design — the Compensation Discussion & Analysis

Origin Bancorp's compensation philosophy is designed to attract, motivate, and retain highly qualified executives by providing competitive pay that is meaningfully linked to the achievement of strategic priorities, financial results, and long-term stockholder value creation.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
07

CEO pay ratio

Ratio (CEO : median employee)30 : 1
CEO total compensation
Median employee compensation$87,058
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Lori SirmanEmployee director · Not standing for re-election$0$0$630,065$630,065
James S. D’Agostino JrIndependent · Lead Independent Director · Audit · Finance (Chair) · Nominating and Corporate Governance87,50050,0220137,522
Michael JonesIndependent · Audit · Nominating and Corporate Governance (Chair) · Compensation64,00050,0220114,022
Cecil JonesIndependent · Audit (Chair) · Finance61,00050,0220111,022
James E. Davison JrIndependent · Risk56,00050,0220106,022
Stacey GoffIndependent · Compensation (Chair)55,75050,0220105,772
A. La’Verne EdneyIndependent · Nominating and Corporate Governance · Risk (Chair)55,25050,0220105,272
Gary E. LuffeyIndependent · Compensation · Risk53,00050,0220103,022
Meryl FarrIndependent · Finance48,00050,022098,022
Richard J. Gallot JrIndependent · Audit48,00050,022098,022
Daniel ChuIndependent · Departed during FY34,0000034,000
Farrell J. MaloneIndependent · Not standing for re-election23,1670023,167
Elizabeth SolenderIndependent · Not standing for re-election20,5000020,500
Steven TaylorIndependent · Not standing for re-election18,6670018,667
Jay DyerIndependent · Not standing for re-election15,0000015,000
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$50,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)18,000 / 9,000 / 10,000
Stock ownership guideline$225,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$639,834
Equity awards (grant-date value)$450,198
All other compensation$630,065
Total cost of the board$1,720,097

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Origin Bancorp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Origin Bancorp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Amerant Bancorp, Inc.2025Gerald Plush$872,000$1,212,318$0$0$5,883,243
2Seacoast Banking Corp. of Florida2025Charles Shaffer991,3751,749,96301,500,0004,481,361
3FB Financial Corporation2025Christopher Holmes787,5191,650,03901,263,2283,766,403
4Trustmark Corporation2025Duane Dewey896,000991,90401,507,4733,635,690
5Enterprise Financial Services Corp.2025James Lally930,3681,307,773328,0461,005,6533,620,031
6Stock Yards Bancorp, Inc.2025James Hillebrand875,000656,250218,7501,487,5003,380,337
7Renasant Corporation2025Kevin D. Chapman775,0001,083,01101,402,5203,356,927
8First Financial Bankshares, Inc.2025F. Scott Dueser1,201,042899,9670945,9253,356,547
9Veritex Holdings, Inc.2024C. Malcolm Holland, III850,0001,144,032003,187,601
10Stellar Bancorp, Inc.2024Robert Franklin, Jr785,0001,088,1060763,1512,678,922
11Origin Bancorp2025Drake Mills835,8001,002,9840733,0632,640,828
12Business First Bancshares, Inc.2025David Melville, III801,500864,5060666,5822,582,764
13ServisFirst Bancshares, Inc.2025Thomas A. Broughton III785,000824,2500579,0362,474,442
14Horizon Bancorp, Inc.2025Thomas Prame685,000569,9730601,0881,965,115
15Republic Bancorp, Inc.2025Logan Pichel698,174401,048197,291500,0001,819,342
16Great Southern Bancorp, Inc.2025Joseph Turner518,072093,756872,9701,815,277
17Southside Bancshares, Inc.2025Keith Donahoe580,000252,0320220,1211,224,314
18BancFirst Corporation2025David R. Harlow725,00000181,2501,007,628

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Origin Bancorpnot disclosedPSU 50 · RSU 50not disclosedMeridian Compensation Partners, LLC
Amerant Bancorp, Inc.not disclosedRSU 50 · PSU 50NoAon's Human Capital Solutions
BancFirst CorporationCEO Harlow: 20% cash + 5% deferred; CFO Andrus: 20% cash + 5% deferred; CEO Schmidt: 20% cash + 5% deferred; COO Copeland: 20% cash + 5% deferred; CCO Slay: 22.5% cash%RSUs 100not disclosednot disclosed
Business First Bancshares, Inc.123.93%RSU 50 · PSU 50NoAon's Human Capital Solutions practice (McLagan)
Enterprise Financial Services Corp.119%PSU 60 · Options 20 · RSU 20Yes — TSRWillis Towers Watson
FB Financial Corporation127.8%PSU 60 · RSU 40NoFW Cook
First Financial Bankshares, Inc.not disclosedPSU 33 · Options 33 · RSU 33NoPearl Meyer
Great Southern Bancorp, Inc.not disclosedOption 100not disclosedPearl Meyer & Partners, LLC
Horizon Bancorp, Inc.not disclosednot disclosednot disclosedPearl Meyer
Renasant Corporation104%RSU 50 · PSU 50NoMeridian Compensation Advisors, LLC
Republic Bancorp, Inc.100%not disclosedNonot disclosed
Seacoast Banking Corp. of Florida150%PSU 75 · RSU 25NoMeridian Compensation Partners
ServisFirst Bancshares, Inc.101.9%RSU 50 · PSU 50Yes — Company TSR relative to 2024 / 2025 Peer GroupAon
Southside Bancshares, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Stellar Bancorp, Inc.102.33%PSU 60 · RSU 40NoAon Human Capital Solutions
Stock Yards Bancorp, Inc.200%PSU 75 · Options 25NoAon's Human Capital Solutions
Trustmark Corporation181%PSU 50 · RSU 50Yes — Total Shareholder Return (TSR) relative to peer groupPearl Meyer
Veritex Holdings, Inc.98.5%PSU 60 · RSU 40NoPearl Meyer

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Drake MillsDEF 14A2026-03-130001552781-26-000112Section “Executive Compensation”. As printed: 2,640,828. Filing ↗machine: r1 · c8 · span 1011378–1011387
2Section 01, M. Lance HallDEF 14A2026-03-130001552781-26-000112Section “Executive Compensation”. As printed: 1,320,337. Filing ↗machine: r7 · c8 · span 1027781–1027790
3Section 01, Derek McGeeDEF 14A2026-03-130001552781-26-000112Section “Executive Compensation”. As printed: 1,011,056. Filing ↗machine: r10 · c8 · span 1035383–1035392
4Section 01, William Wallace IVDEF 14A2026-03-130001552781-26-000112Section “Executive Compensation”. As printed: 902,260. Filing ↗machine: r4 · c8 · span 1020061–1020068
5Section 01, Preston MooreDEF 14A2026-03-130001552781-26-000112Section “Executive Compensation”. As printed: 888,291. Filing ↗machine: r13 · c8 · span 1043016–1043023
6Section 03, Drake Mills RSUDEF 14A2026-03-130001552781-26-000112Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1092472–1092478
7Section 03, Drake Mills PSUDEF 14A2026-03-130001552781-26-000112Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
8Section 07, pay ratioDEF 14A2026-03-130001552781-26-000112Section “CEO Pay Ratio”. As printed: 30 : 1. Filing ↗
9Section 08, Lori SirmanDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 630,065. Filing ↗
10Section 08, James S. D’Agostino JrDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 137,522. Filing ↗
11Section 08, Michael JonesDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 114,022. Filing ↗
12Section 08, Cecil JonesDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 111,022. Filing ↗
13Section 08, James E. Davison JrDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 106,022. Filing ↗
14Section 08, Stacey GoffDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 105,772. Filing ↗
15Section 08, A. La’Verne EdneyDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 105,272. Filing ↗
16Section 08, Gary E. LuffeyDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 103,022. Filing ↗
17Section 08, Meryl FarrDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 98,022. Filing ↗
18Section 08, Richard J. Gallot JrDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 98,022. Filing ↗
19Section 08, Daniel ChuDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 34,000. Filing ↗
20Section 08, Farrell J. MaloneDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 23,167. Filing ↗
21Section 08, Elizabeth SolenderDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 20,500. Filing ↗
22Section 08, Steven TaylorDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 18,667. Filing ↗
23Section 08, Jay DyerDEF 14A2026-03-130001552781-26-000112Section “Director Compensation”. As printed: 15,000. Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 639,834 + equity 450,198 + all other 630,065 = 1,720,097, summed across the director compensation table rows.machine: formula: Σ = 1,720,097
27Amerant Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-210001734342-26-000026CEO total compensation as printed in Amerant Bancorp, Inc.'s own proxy. As printed: 5,883,243. Filing ↗machine: r17 · c18 · span 2263743–2263752
28Seacoast Banking Corp. of Florida, Section 10b CEO totalDEF 14A2026-04-100001628280-26-024690CEO total compensation as printed in Seacoast Banking Corp. of Florida's own proxy. As printed: 4,481,361. Filing ↗machine: t35 · r2 · c9 · span 1567215–1567224
29FB Financial Corporation, Section 10b CEO totalDEF 14A2026-04-060001649749-26-000027CEO total compensation as printed in FB Financial Corporation's own proxy. As printed: 3,766,403. Filing ↗machine: r2 · c24 · span 578306–578315
30Trustmark Corporation, Section 10b CEO totalDEF 14A2026-03-160001193125-26-107265CEO total compensation as printed in Trustmark Corporation's own proxy. As printed: 3,635,690. Filing ↗machine: span 654014–654023
31Enterprise Financial Services Corp., Section 10b CEO totalDEF 14A2026-03-310001025835-26-000079CEO total compensation as printed in Enterprise Financial Services Corp.'s own proxy. As printed: 3,620,031. Filing ↗machine: span 458805–458814
32Stock Yards Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-120001437749-26-007879CEO total compensation as printed in Stock Yards Bancorp, Inc.'s own proxy. As printed: 3,380,337. Filing ↗machine: r3 · c32 · span 991255–991264
33Renasant Corporation, Section 10b CEO totalDEF 14A2026-03-180000715072-26-000030CEO total compensation as printed in Renasant Corporation's own proxy. As printed: 3,356,927. Filing ↗machine: span 771069–771078
34First Financial Bankshares, Inc., Section 10b CEO totalDEF 14A2026-03-060001193125-26-095645CEO total compensation as printed in First Financial Bankshares, Inc.'s own proxy. As printed: 3,356,547. Filing ↗machine: t50 · r2 · c41 · span 1225314–1225323
35Veritex Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-290001501570-25-000053CEO total compensation as printed in Veritex Holdings, Inc.'s own proxy. As printed: 3,187,601. Filing ↗machine: t26 · r2 · c23 · span 595706–595715
36Stellar Bancorp, Inc., Section 10b CEO totalDEF 14A2025-04-100001104659-25-033748CEO total compensation as printed in Stellar Bancorp, Inc.'s own proxy. As printed: 2,678,922. Filing ↗machine: t25 · r1 · c47 · span 884964–884973
37Origin Bancorp (subject), Section 10b CEO totalDEF 14A2026-03-130001552781-26-000112CEO total compensation as printed in Origin Bancorp's own proxy. As printed: 2,640,828. Filing ↗machine: r1 · c8 · span 1011378–1011387
38Business First Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-080001437749-26-011695CEO total compensation as printed in Business First Bancshares, Inc.'s own proxy. As printed: 2,582,764. Filing ↗machine: t162 · r8 · c22 · span 576719–576728
39ServisFirst Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-060001171843-26-002258CEO total compensation as printed in ServisFirst Bancshares, Inc.'s own proxy. As printed: 2,474,442. Filing ↗machine: t104 · span 550355–550364
40Horizon Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-200000706129-26-000033CEO total compensation as printed in Horizon Bancorp, Inc.'s own proxy. As printed: 1,965,115. Filing ↗machine: span 583985–583994
41Republic Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027241CEO total compensation as printed in Republic Bancorp, Inc.'s own proxy. As printed: 1,819,342. Filing ↗machine: t262 · r15 · c18 · span 1699364–1699373
42Great Southern Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-310002077096-26-000017CEO total compensation as printed in Great Southern Bancorp, Inc.'s own proxy. As printed: 1,815,277. Filing ↗machine: span 320537–320546
43Southside Bancshares, Inc., Section 10b CEO totalDEF 14A2026-03-250000705432-26-000069CEO total compensation as printed in Southside Bancshares, Inc.'s own proxy. As printed: 1,224,314. Filing ↗machine: r8 · c48 · span 587992–588001
44BancFirst Corporation, Section 10b CEO totalDEF 14A2026-04-030001193125-26-141692CEO total compensation as printed in BancFirst Corporation's own proxy. As printed: 1,007,628. Filing ↗machine: t16 · r4 · c30 · span 773934–773943
45Section 10a, Horizon Bancorp, Inc. reciprocityDEF 14A0000706129-26-000033Horizon Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
46Section 10a, Republic Bancorp, Inc. reciprocityDEF 14A0001104659-26-027241Republic Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
47Section 10a, Business First Bancshares, Inc. reciprocityDEF 14A0001437749-26-011695Business First Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
48Section 10a, Trustmark Corporation reciprocityDEF 14A0001193125-26-107265Trustmark Corporation's most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
49Section 10a, Enterprise Financial Services Corp. reciprocityDEF 14A0001025835-26-000079Enterprise Financial Services Corp.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
50Section 10a, ServisFirst Bancshares, Inc. reciprocityDEF 14A0001171843-26-002258ServisFirst Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
51Section 10a, Amerant Bancorp, Inc. reciprocityDEF 14A0001734342-26-000026Amerant Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
52Section 10a, Stock Yards Bancorp, Inc. reciprocityDEF 14A0001437749-26-007879Stock Yards Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
53Section 10a, FB Financial Corporation reciprocityDEF 14A0001649749-26-000027FB Financial Corporation's most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
54Section 10a, Stellar Bancorp, Inc. reciprocityDEF 14A0001104659-25-033748Stellar Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
55Section 10a, Veritex Holdings, Inc. reciprocityDEF 14A0001501570-25-000053Veritex Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
56Section 10a, Southside Bancshares, Inc. reciprocityDEF 14A0000705432-26-000069Southside Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
57Section 10a, Renasant Corporation reciprocityDEF 14A0000715072-26-000030Renasant Corporation's most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
58Section 10a, First Financial Bankshares, Inc. reciprocityDEF 14A0001193125-26-095645First Financial Bankshares, Inc.'s most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗
59Section 10a, Seacoast Banking Corp. of Florida reciprocityDEF 14A0001628280-26-024690Seacoast Banking Corp. of Florida's most recent proxy was read; its disclosed peer group does not include Origin Bancorp. Filing ↗