Form 4: Director David Lucht Receives RSU Grant at Live Oak Bank

Live Oak Bancshares director David Lucht was granted 2,486 restricted stock units vesting in May 2027.

Summary

• Director David G. Lucht received a grant of 2,486 restricted stock units (RSUs) on May 19, 2026.
• Each RSU represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.
• The RSUs are scheduled to vest on May 1, 2027.
• Following this transaction, the director maintains direct ownership of 18,623 shares of voting common stock and 4,000 depositary shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard director compensation practices.

Positives

• Director equity alignment with shareholder interests through the receipt of restricted stock units.

Negatives

• None identified.

Risks

• Value of equity holdings is subject to market volatility of Live Oak Bancshares common stock.
• Vesting of RSUs is contingent upon continued service as a director.

Future Outlook

The filing does not provide forward-looking financial guidance, focusing solely on director compensation and equity ownership changes.

Industry Context

StockSavvy.ai notes that routine equity grants to board members are standard corporate governance practices designed to align director incentives with long-term shareholder value in the regional banking sector.

Comparison to Industry Standards

• The grant of restricted stock units to non-employee directors is consistent with standard compensation practices for publicly traded financial institutions.
• The vesting period of approximately one year is typical for annual director equity awards.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of restricted stock units on May 1, 2027.

Key Dates

Keywords

Live Oak Bancshares, LOB, Insider Trading, Form 4, Director Compensation, Restricted Stock Units