Janson Susan N 4
4 · Live Oak Bancshares, Inc. · Filed Nov 3, 2021
Insider Transaction Report
Form 4
Janson Susan N
Chief Risk Off., Live Oak Bank
Transactions
- Sale
Voting Common Stock
2021-11-01$85.69/sh−13,368$1,145,504→ 28,630 total
Holdings
- 1,973
Restricted Stock Units
→ Voting Common Stock (1,973 underlying) - 8,009
Restricted Stock Units
→ Voting Common Stock (8,009 underlying)
Footnotes (3)
- [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]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.
- [F3]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.