Director at Live Oak Bancshares (LOB) acquires 2,946 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Oak Bancshares director Tonya Bradford Williams reported the vesting and exercise of restricted stock units into common shares. On May 1, 2026, 2,946 restricted stock units converted into 2,946 shares of voting common stock at a stated price of $0.00 per share.
Following this derivative exercise, she directly holds 9,643 shares of Live Oak Bancshares voting common stock. The filing reflects a compensation-related equity vesting rather than any open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,946 shares exercised/converted
Mixed
2 txns
Insider
Bradford Tonya Williams
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,946 | $0.00 | -- |
| Exercise | Voting Common Stock | 2,946 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Voting Common Stock — 9,643 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock. The restricted stock units vested on May 1, 2026.
Key Figures
RSUs exercised: 2,946 shares
Post-transaction holdings: 9,643 shares
Exercise price: $0.00 per share
+1 more
4 metrics
RSUs exercised
2,946 shares
Restricted stock units converted to voting common stock on May 1, 2026
Post-transaction holdings
9,643 shares
Voting common stock directly held after the reported transactions
Exercise price
$0.00 per share
Stated transaction price for 2,946 newly acquired common shares
RSU-to-share ratio
1:1
Each restricted stock unit represented one share of voting common stock
Key Terms
Restricted Stock Units, Voting Common Stock, derivative security
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Voting Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
