Form 4: Director Patrick McHenry Exercises Live Oak RSU Awards

Director Patrick Timothy McHenry acquired 3,080 shares of Live Oak Bancshares, Inc. common stock following the vesting of restricted stock units.

Summary

• Director Patrick Timothy McHenry acquired 3,080 shares of voting common stock on May 1, 2026.
• The acquisition resulted from the vesting of 3,080 restricted stock units (RSUs).
• Each RSU represented a contingent right to receive one share of common stock.
• Following the transaction, the reporting person holds 3,080 shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing standard administrative equity compensation rather than a market-moving strategic decision.

Positives

• Director alignment with shareholder interests through increased equity ownership.

Negatives

• None.

Risks

• None.

Future Outlook

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

Industry Context

StockSavvy.ai notes that routine equity vesting for directors is standard corporate governance practice and does not signal a change in strategic direction or market outlook.

Comparison to Industry Standards

• The transaction follows standard industry practices for director compensation and equity vesting schedules.
• The disclosure complies with SEC Section 16(a) reporting requirements for publicly traded financial institutions.

Stakeholder Impact

• Minimal impact on shareholders as this represents the fulfillment of existing compensation agreements.

Next Steps

• None.

Key Dates

Keywords

Live Oak Bancshares, LOB, Insider Trading, Form 4, Equity Compensation, Patrick McHenry