Live Oak Bancshares (LOB) CBO exercises 1,580 RSUs, with 703 shares withheld
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. Chief Banking Officer Mark Michael Moroz reported equity compensation activity involving restricted stock units (RSUs) and common shares. On February 17, 2026, he exercised or converted 1,580 RSUs at $0.00 per unit into 1,580 shares of voting common stock, recorded as directly owned.
On the same date, 703 shares of voting common stock were disposed of at $40.75 per share in a tax-withholding transaction related to this equity award. After these transactions, he directly held 12,034 shares of voting common stock.
Footnotes explain that each RSU equals one share of voting common stock and detail multiple RSU awards that vest in installments beginning on dates such as February 10, 2026, February 12, 2026, February 14, 2026, May 19, 2026, and other specified vesting dates, all contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,580 | $0.00 | -- |
| Exercise | Voting Common Stock | 1,580 | $0.00 | -- |
| Tax Withholding | Voting Common Stock | 703 | $40.75 | $29K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
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 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 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 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.
