Form 4: Live Oak Bancshares CFO Walter J. Phifer Reports Stock Transactions
SEC Form 4 Filing
Walter J. Phifer, CFO of Live Oak Bancshares, reports the acquisition and disposal of voting common stock and restricted stock units on February 10, 2025.
Summary
- On February 10, 2025, Walter J. Phifer, the Chief Financial Officer of Live Oak Bancshares, Inc., reported transactions involving the company's voting common stock and restricted stock units (RSUs).
- Phifer acquired 195 shares of voting common stock and disposed of 97 shares at a price of $35.08.
- Following these transactions, Phifer directly owns 4,703 shares of voting common stock.
- Phifer also holds 9,264 restricted stock units that vest in five pro rata annual installments beginning on February 10, 2026.
- Additionally, Phifer holds other RSUs with varying vesting schedules and an employee stock option to buy 6,160 shares of voting common stock at $13.59, which vested in installments beginning on February 16, 2017.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherently positive or negative implications.
Future Outlook
The reported RSUs vest over several years, contingent on the reporting person's continuous service to the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the CFO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/16/2017 | Employee stock option vesting began. |
| 02/10/2025 | Date of reported stock transactions and RSU vesting. |
| 02/12/2025 | Date of signature on the report. |
| 02/10/2026 | Start date for vesting of 9,264 RSUs. |
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