Janson Susan N 4
4 · Live Oak Bancshares, Inc. · Filed Feb 14, 2022
Insider Transaction Report
Form 4
Janson Susan N
Chief Risk Off., Live Oak Bank
Transactions
- Exercise/Conversion
Voting Common Stock
2022-02-10+2,002→ 30,632 total - Tax Payment
Voting Common Stock
2022-02-10$61.65/sh−580$35,757→ 30,052 total - Exercise/Conversion
Restricted Stock Units
2022-02-10−2,002→ 6,007 total→ Voting Common Stock (2,002 underlying)
Holdings
- 1,973
Restricted Stock Units
→ Voting Common Stock (1,973 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.