4//SEC Filing
Phifer Walter J 4
Accession 0001578563-24-000499
CIK 0001462120other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:01 PM ET
Size
15.6 KB
Accession
0001578563-24-000499
Insider Transaction Report
Form 4
Phifer Walter J
Chief Financial Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2024-12-16+235→ 4,710 total - Tax Payment
Voting Common Stock
2024-12-16$44.54/sh−105$4,677→ 4,605 total - Exercise/Conversion
Restricted Stock Units
2024-12-16−235→ 471 total→ Voting Common Stock (235 underlying)
Holdings
- 10,015
Restricted Stock Units
→ Voting Common Stock (10,015 underlying) - 138
Restricted Stock Units
→ Voting Common Stock (138 underlying) - 6,160
Employee Stock Option (right to buy)
Exercise: $13.59Exp: 2026-02-16→ Voting Common Stock (6,160 underlying) - 195
Restricted Stock Units
→ Voting Common Stock (195 underlying) - 4,716
Restricted Stock Units
→ Voting Common Stock (4,716 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]The RSUs vest in five pro rata annual installments beginning on December 15, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]The RSUs vest in five pro rata annual installments beginning on February 10, 2021, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F4]The RSUs vest in five pro rata 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.
- [F5]The RSUs vest in five pro rata annual installments beginning on December 9, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F6]The RSUs vest in five equal annual installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F7]The shares subject to this option vested and became exercisable yearly in seven installments beginning on February 16, 2017, as follows: 10% of the shares subject to the option vested on each of February 16, 2017, 2018, 2019, 2020, and 2021; 25% of the shares subject to the option vested on each of February 16, 2022 and 2023.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0002006943
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:01 PM ET
- Size
- 15.6 KB