4//SEC Filing
Caines S. Brett 4
Accession 0001209191-21-013905
CIK 0001462120other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 5:26 PM ET
Size
9.4 KB
Accession
0001209191-21-013905
Insider Transaction Report
Form 4
Caines S. Brett
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2021-02-22+5,000→ 5,000 total→ Voting Common Stock (5,000 underlying)
Holdings
- 311,347
Voting Common Stock
- 8,009
Restricted Stock Units
→ Voting Common Stock (8,009 underlying) - 20,000
Performance Restricted Stock Units
Exp: 2028-08-10→ Voting Common Stock (20,000 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- [F2]The RSUs vest in five equal annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F4]Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of the Company's voting common stock.
- [F5]Ten thousand of the PRSUs will vest upon each attainment of closing prices of the Company's voting common stock of equal to or greater than $50.00 per share and $55.00 per share once they are attained for at least twenty (20) consecutive trading days at any time prior to August 10, 2028.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001647119
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 5:26 PM ET
- Size
- 9.4 KB