Garriott Huntley 4
4 · Live Oak Bancshares, Inc. · Filed Feb 24, 2023
Insider Transaction Report
Form 4
Garriott Huntley
President, Live Oak Bank
Transactions
- Exercise/Conversion
Voting Common Stock
2023-02-23+100,000→ 484,782 total - Tax Payment
Voting Common Stock
2023-02-23$34.72/sh−42,749$1,484,245→ 442,033 total - Exercise/Conversion
Restricted Stock Units
2023-02-23−100,000→ 400,000 total→ Voting Common Stock (100,000 underlying)
Holdings
- 8,899
Restricted Stock Units
→ Voting Common Stock (8,899 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]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.
- [F3]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.