Live Oak Bancshares (LOB) CBO exercises 7,117 shares, with 3,163 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. Chief Banking Officer Mark Michael Moroz reported routine equity compensation activity. On May 20, 2026, he exercised derivative awards to acquire 7,117 shares of voting common stock and, in a related transaction, 3,163 shares were withheld at $36.20 per share to cover tax obligations, leaving him with 18,210 shares of common stock held directly after the tax-withholding entry and 21,373 shares after the exercise entry. The filing also shows multiple restricted stock unit awards, each representing a contingent right to receive one share of voting common stock, vesting in equal annual installments beginning on dates between December 9, 2025 and February 9, 2027, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,117 shares exercised/converted
Mixed
8 txns
Insider
Moroz Mark Michael
Role
Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,117 | $0.00 | -- |
| Exercise | Voting Common Stock | 7,117 | $0.00 | -- |
| Tax Withholding | Voting Common Stock | 3,163 | $36.20 | $115K |
| 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 — 28,470 shares (Direct, null);
Voting Common Stock — 21,373 shares (Direct, null)
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 May 19, 2026, 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 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 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 10, 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.
Key Figures
Shares acquired via exercise: 7,117 shares
Shares withheld for taxes: 3,163 shares
Tax-withholding price: $36.20 per share
+3 more
6 metrics
Shares acquired via exercise
7,117 shares
Voting common stock acquired through derivative exercise on May 20, 2026
Shares withheld for taxes
3,163 shares
Voting common stock delivered for tax liability at $36.20 per share
Tax-withholding price
$36.20 per share
Price used for 3,163-share tax-withholding disposition
Shares held after tax withholding
18,210 shares
Voting common stock directly held following F-code disposition
Shares held after exercise
21,373 shares
Voting common stock directly held after 7,117-share exercise
RSU underlying shares (example grant)
8,982 shares
Restricted stock units convertible into voting common stock, direct ownership
Key Terms
Restricted Stock Units, Voting Common Stock, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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
"one share of Live Oak Bancshares, Inc. voting common stock"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
