Form 4: Live Oak Bancshares Director Diane Beth Glossman Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Diane Beth Glossman reported the acquisition of 2,327 restricted stock units in Live Oak Bancshares, Inc.
Summary
- On May 21, 2024, Diane Beth Glossman, a director of Live Oak Bancshares, Inc., acquired 2,327 restricted stock units.
- These restricted stock units represent a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock each.
- The restricted stock units vest on May 1, 2025.
- Following the transaction, Glossman directly owns 70,656 shares of Live Oak Bancshares, Inc. voting common stock and 2,327 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Diane Beth Glossman acquired 2,327 restricted stock units. |
| 05/01/2025 | Vesting date for the 2,327 restricted stock units. |
| 05/23/2024 | Date of signature for the report. |
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