Form 4: Live Oak Bancshares Director, Diane Beth Glossman, Reports Stock Unit Vesting
SEC Form 4 Filing
Director Diane Beth Glossman reports the vesting of restricted stock units into Live Oak Bancshares voting common stock on May 1, 2024.
Summary
- Diane Beth Glossman, a director of Live Oak Bancshares, Inc., reported a transaction involving restricted stock units.
- On May 1, 2024, 3,625 restricted stock units vested, converting into an equal number of shares of Live Oak Bancshares voting common stock.
- Following the transaction, Glossman directly owns 70,656 shares of Live Oak Bancshares voting common stock.
- The reported transaction was filed on May 3, 2024.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock unit vesting, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The vesting of stock units could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Restricted stock units vested and converted into voting common stock. |
| 05/03/2024 | Date of Form 4 filing. |
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