Form 4: Director Miltom Petty Exercises Live Oak Bancshares RSUs

Director Miltom Emmett Petty acquired 2,946 shares of Live Oak Bancshares common stock through the vesting of restricted stock units.

Summary

• Director Miltom Emmett Petty exercised 2,946 restricted stock units (RSUs) on May 1, 2026.
• Each RSU converted into one share of voting common stock at no additional cost.
• Following the transaction, the director holds a total of 130,839 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Director maintains a significant equity stake of 130,839 shares, aligning interests with shareholders.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

Not applicable as this is a routine disclosure of equity compensation vesting.

Industry Context

StockSavvy.ai notes that routine RSU vesting for directors is a standard component of executive and board compensation packages in the banking sector, reflecting typical corporate governance practices.

Comparison to Industry Standards

• The transaction follows standard equity compensation vesting schedules common among U.S. regional banks.
• Director ownership levels are consistent with typical board member equity requirements for mid-cap financial institutions.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard equity compensation.

Next Steps

• None.

Key Dates

Keywords

Live Oak Bancshares, LOB, Insider Trading, Form 4, Director Ownership