Garriott Huntley 4
4 · Live Oak Bancshares, Inc. · Filed Feb 14, 2022
Insider Transaction Report
Form 4
Garriott Huntley
President, Live Oak Bank
Transactions
- Exercise/Conversion
Voting Common Stock
2022-02-10+4,449→ 372,503 total - Exercise/Conversion
Restricted Stock Units
2022-02-10−4,449→ 13,348 total→ Voting Common Stock (4,449 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-11−7,500→ 7,500 total→ Voting Common Stock (7,500 underlying) - Tax Payment
Voting Common Stock
2022-02-11$60.31/sh−2,208$133,164→ 376,446 total - Tax Payment
Voting Common Stock
2022-02-10$61.65/sh−1,349$83,166→ 371,154 total - Exercise/Conversion
Voting Common Stock
2022-02-11+7,500→ 378,654 total
Holdings
- 500,000
Restricted Stock Units
→ Voting Common Stock (500,000 underlying)
Footnotes (4)
- [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]4,449 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 4,450 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 equal annual installments beginning on February 11, 2020 as follows: 7,500 shares vest on each of February 11, 2020, 2021, 2022, and 2023.
- [F4]100,000 of the RSUs will vest annually beginning on February 22, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.