Form 4: Director Patrick McHenry Receives RSU Grant at Live Oak

Director Patrick Timothy McHenry was granted 2,486 restricted stock units by Live Oak Bancshares, Inc. on May 19, 2026.

Summary

• Director Patrick Timothy McHenry 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 reporting person holds 3,080 shares of voting common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or financial health.

Positives

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

Negatives

• None identified.

Risks

• None identified.

Future Outlook

The restricted stock units are set to vest on May 1, 2027, at which point they will convert into shares of voting common stock.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure alignment between leadership and shareholders in the banking sector.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation practices for publicly traded financial institutions like Live Oak Bancshares.

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, Form 4, Insider Transaction, Restricted Stock Units, Director Compensation