Janson Susan N 4
4 · Live Oak Bancshares, Inc. · Filed Feb 24, 2022
Insider Transaction Report
Form 4
Janson Susan N
Chief Risk Off., Live Oak Bank
Transactions
- Tax Payment
Voting Common Stock
2022-02-22$60.47/sh−96$5,805→ 30,350 total - Exercise/Conversion
Restricted Stock Units
2022-02-22−394→ 1,579 total→ Voting Common Stock (394 underlying) - Exercise/Conversion
Voting Common Stock
2022-02-22+394→ 30,446 total
Holdings
- 6,007
Restricted Stock Units
→ Voting Common Stock (6,007 underlying) - 3,555
Restricted Stock Units
→ Voting Common Stock (3,555 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 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]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.