Live Oak Bancshares (LOB) chief banking officer converts RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Oak Bancshares Chief Banking Officer Mark Michael Moroz reported equity award activity involving company stock. On February 12, 2026 he exercised 2,253 restricted stock units, receiving the same number of voting common shares at an exercise price of $0 per share. To cover tax withholding, 1,002 voting common shares were disposed of at $40.22 per share. After these transactions, he directly held 11,157 shares of voting common stock, along with multiple blocks of restricted stock units that vest in scheduled annual installments, each RSU representing the right to receive one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,253 shares exercised/converted
Mixed
9 txns
Insider
Moroz Mark Michael
Role
Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,253 | $0.00 | -- |
| Exercise | Voting Common Stock | 2,253 | $0.00 | -- |
| Tax Withholding | Voting Common Stock | 1,002 | $40.22 | $40K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,760 shares (Direct);
Voting Common Stock — 12,159 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. The RSUs vest in four equal annual installments beginning on February 12, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date. The RSUs vest in five equal annual installments beginning on February 9, 2027, subject to the reporting person's continuous service to the Company or a related entity on such date. 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. The RSUs vest in three equal annual installments beginning on December 9, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date. The RSUs vest in two equal annual installments beginning on February 14, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date. The RSUs will vest on February 22, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date. The RSUs vest in five equal annual installments beginning on May 19, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
FAQ
What insider transaction did LOB Chief Banking Officer Mark Moroz report?
Mark Michael Moroz reported exercising 2,253 restricted stock units into Live Oak Bancshares voting common stock. He then disposed of 1,002 shares to satisfy tax withholding, leaving him with 11,157 directly held shares after the Form 4 transactions.
What do the restricted stock units (RSUs) reported by LOB’s Mark Moroz represent?
Each restricted stock unit reported by Mark Michael Moroz represents a contingent right to receive one share of Live Oak Bancshares voting common stock. These RSUs vest over time in equal annual installments, subject to his continued service with the company or a related entity.
When do Mark Moroz’s newly reported LOB RSUs begin vesting?
One RSU grant begins vesting in four equal annual installments starting February 12, 2026, assuming continuous service. Other RSU awards vest over three to five years from specific dates such as February 9, 2027, February 10, 2026, December 9, 2025, and May 19, 2026.