4//SEC Filing
Cairns Michael 4
Accession 0001578563-24-000498
CIK 0001462120other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:00 PM ET
Size
15.5 KB
Accession
0001578563-24-000498
Insider Transaction Report
Form 4
Cairns Michael
Chief Credit Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2024-12-16+235→ 6,783 total - Exercise/Conversion
Restricted Stock Units
2024-12-16−235→ 471 total→ Voting Common Stock (235 underlying) - Tax Payment
Voting Common Stock
2024-12-16$44.54/sh−105$4,677→ 6,678 total
Holdings
- 390
Restricted Stock Units
→ Voting Common Stock (390 underlying) - 290
Restricted Stock Units
→ Voting Common Stock (290 underlying) - 2,829
Restricted Stock Units
→ Voting Common Stock (2,829 underlying) - 12,100
Restricted Stock Units
→ Voting Common Stock (12,100 underlying) - 3,784
Restricted Stock Units
→ Voting Common Stock (3,784 underlying)
Footnotes (7)
- [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]235 of the RSUs will vest on each of December 15, 2024 and 2025, and 236 of the RSUs will vest on December 15, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]The RSUs vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F4]145 of the RSUs will vest on each of February 22, 2025 and 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F5]943 of the RSUs vested on December 9, 2024, and 943 of the RSUs will vest on each of December 8, 2025, 2026, and 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F6]945 of the RSUs vested on December 9, 2024, and 946 of the RSUs will vest on each of December 8, 2025, 2026, 2027, and 2028, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F7]2,420 of the RSUs will vest on each of August 19, 2025, 2026, 2027, 2028, and 2029, subject to the reporting person's continuous service to the Company or a related entity on such date.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0002030240
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:00 PM ET
- Size
- 15.5 KB