4//SEC Filing
SUTHERLAND JOHN W. 4
Accession 0001578563-25-000052
CIK 0001462120other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 7:12 PM ET
Size
17.8 KB
Accession
0001578563-25-000052
Insider Transaction Report
Form 4
SUTHERLAND JOHN W.
Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-02-10−461→ 0 total→ Voting Common Stock (461 underlying) - Exercise/Conversion
Voting Common Stock
2025-02-10+461→ 11,476 total - Tax Payment
Voting Common Stock
2025-02-10$35.08/sh−230$8,068→ 11,246 total - Award
Restricted Stock Units
2025-02-10+2,850→ 2,850 total→ Voting Common Stock (2,850 underlying)
Holdings
- 948
Restricted Stock Units
→ Voting Common Stock (948 underlying) - 356
Restricted Stock Units
→ Voting Common Stock (356 underlying) - 2,845
Restricted Stock Units
→ Voting Common Stock (2,845 underlying) - 4,381
Restricted Stock Units
→ Voting Common Stock (4,381 underlying) - 3,000
Employee Stock Option (right to buy)
Exercise: $17.00Exp: 2025-07-22→ Voting Common Stock (3,000 underlying)
Footnotes (8)
- [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 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]460 of the RSUs vested on each of February 10, 2021 and 2022 and February 12, 2024; and 461 of the RSUs vested on each of February 10, 2023 and 2025.
- [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 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.
- [F6]The RSUs vest in five pro rata annual installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F7]The RSUs vest in five pro rata 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.
- [F8]The shares subject to this option vested and became exercisable yearly in seven installments beginning on July 22, 2016, as follows: 10% of the shares subject to the option vested on each of July 22, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on July 22, 2021; and 25% of the shares subject to the option vested on July 22, 2022.
Documents
Issuer
Live Oak Bancshares, Inc.
CIK 0001462120
Entity typeother
Related Parties
1- filerCIK 0001635154
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 7:12 PM ET
- Size
- 17.8 KB