Janson Susan N 4
4 · Live Oak Bancshares, Inc. · Filed Feb 16, 2022
Insider Transaction Report
Form 4
Janson Susan N
Chief Risk Off., Live Oak Bank
Transactions
- Award
Restricted Stock Units
2022-02-14+3,555→ 3,555 total→ Voting Common Stock (3,555 underlying)
Holdings
- 30,052
Voting Common Stock
- 6,007
Restricted Stock Units
→ Voting Common Stock (6,007 underlying) - 1,973
Restricted Stock Units
→ Voting Common Stock (1,973 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]The RSUs vest in five equal annual installments beginning on February 14, 2023, 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]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.