Form 4: Live Oak Bancshares CFO Walter J. Phifer Reports Stock Transactions
SEC Form 4
Walter J. Phifer, CFO of Live Oak Bancshares, reports the disposition and acquisition of voting common stock and restricted stock units.
Summary
- On February 12, 2025, Walter J. Phifer, the Chief Financial Officer of Live Oak Bancshares, engaged in transactions involving the company's voting common stock and restricted stock units (RSUs).
- Phifer disposed of 6,706 shares of voting common stock and acquired 2,003 shares through the vesting of RSUs.
- Additionally, 997 shares were disposed of at a price of $34.8.
- Following these transactions, Phifer directly owns 5,709 shares of voting common stock.
- Phifer also holds various tranches of RSUs that vest over time, as well as an employee stock option to purchase 6,160 shares of voting common stock at an exercise price of $13.59.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may provide insights to stakeholders regarding management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/16/2017 | 10% of shares subject to employee stock option vested. |
| 02/16/2018 | 10% of shares subject to employee stock option vested. |
| 02/16/2019 | 10% of shares subject to employee stock option vested. |
| 02/16/2020 | 10% of shares subject to employee stock option vested. |
| 02/16/2021 | 10% of shares subject to employee stock option vested. |
| 02/22/2022 | RSUs vest in five equal annual installments beginning on this date. |
| 12/15/2022 | RSUs vest in five equal annual installments beginning on this date. |
| 02/16/2022 | 25% of shares subject to employee stock option vested. |
| 12/09/2023 | RSUs vest in five equal annual installments beginning on this date. |
| 02/16/2023 | 25% of shares subject to employee stock option vested. |
| 02/12/2025 | Date of reported transactions; RSUs vest in five equal annual installments beginning on this date. |
| 02/14/2025 | Date of signature by Power of Attorney. |
| 02/10/2026 | RSUs vest in five equal annual installments beginning on this date. |
| 02/16/2026 | Employee Stock Option Expiration Date. |
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