Live Oak (LOB) insider files: RSU grant and 22,221-share disposition at $37.70
Rhea-AI Filing Summary
Live Oak Bancshares insider reporting: William C. Losch III, President and director, reported transactions on 08/25/2025 involving restricted stock units and common shares. He was credited with 50,000 RSUs (each representing one share) and the filing lists multiple outstanding RSU awards totaling scheduled vesting in annual installments beginning between 2022 and 2026. The report also shows a disposition of 22,221 common shares at $37.70 per share, reducing his beneficial ownership of voting common stock from 212,794 to 190,573 following the transactions. The form is signed by power of attorney on 08/27/2025.
Positive
- 50,000 RSUs recorded, representing contingent rights to 50,000 shares
- Detailed vesting schedules provided, showing staged recognition of compensation from 2022 through 2026
Negative
- Disposition of 22,221 shares at $37.70 reduced beneficial ownership from 212,794 to 190,573
Insights
TL;DR: Transactions reflect RSU vesting and a reported sale that lowered the officer's beneficial shareholding.
These entries show compensation-related equity (RSUs) being recorded and an executed disposition of 22,221 shares at $37.70. Beneficial ownership falls to 190,573 shares after the report. The RSU schedule in the explanation indicates multi-year vesting start dates from 2022 through 2026, confirming staggered compensation recognition. For investors, this is a routine insider filing documenting awarded equity and a separate share disposition; the filing does not disclose reasons for the sale or any additional agreements.
TL;DR: Filing documents grant and vesting schedules for RSUs plus a contemporaneous sale — standard governance disclosure.
The Form 4 details an award of 50,000 RSUs (each convertible to one voting share) and enumerates several RSU grants with five-year annual vesting schedules beginning on specified dates. It separately reports a sale/disposition (code F) of 22,221 common shares at $37.70. The filing is properly executed via power of attorney. This is a standard insider disclosure that updates beneficial ownership and RSU vesting timelines; no governance issues or material exceptions are presented in the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 50,000 | $0.00 | -- |
| Exercise | Voting Common Stock | 50,000 | $0.00 | -- |
| Tax Withholding | Voting Common Stock | 22,221 | $37.70 | $838K |
| 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 five equal annual installments beginning on August 25, 2024, 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 August 10, 2022, 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 14, 2023, 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 13, 2024, 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 12, 2025, 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.
