Form 4: Live Oak Bancshares Director Cameron Henderson Reports Stock Transactions

Director Cameron Henderson reports the vesting and acquisition of 3,625 shares of Live Oak Bancshares voting common stock through restricted stock units.

Summary

• On May 1, 2024, Director Cameron William Henderson acquired 3,625 shares of Live Oak Bancshares, Inc. voting common stock through the vesting of restricted stock units.
• The restricted stock units vested on May 1, 2024, and each unit represents a contingent right to receive one share of Live Oak Bancshares voting common stock.
• Following the transaction, Henderson directly owns 6,904 shares of voting common stock.
• Henderson also indirectly owns 201,217 shares through the William H. Cameron Revocable Trust and 470 shares through the GST-Exempt Trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard reporting of stock transactions by a company director.

Positives

• The vesting of restricted stock units indicates a continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.

Key Dates