Form 4: Director Miltom Petty Receives RSU Grant at Live Oak

Director Miltom Emmett Petty was granted 2,486 restricted stock units by Live Oak Bancshares, Inc. on May 19, 2026.

Summary

• Director Miltom Emmett Petty received a grant of 2,486 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of voting common stock.
• The RSUs are scheduled to vest on May 1, 2027.
• Following this transaction, the director maintains direct beneficial ownership of 130,839 shares of voting common stock.

Sentiment

Score: 5

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

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Standard market risks associated with equity ownership and potential dilution.

Future Outlook

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

Industry Context

StockSavvy.ai notes that equity grants to directors are a standard corporate governance practice in the banking sector to ensure board members have 'skin in the game' and are incentivized to oversee long-term performance.

Comparison to Industry Standards

• The use of RSUs as a component of director compensation is consistent with standard practices among U.S. regional banking institutions.
• The vesting period of approximately one year is typical for annual director equity awards.

Stakeholder Impact

• Minimal impact on shareholders; represents standard director compensation.

Next Steps

• Vesting of the 2,486 restricted stock units on May 1, 2027.

Key Dates

Keywords

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