Form 4: Live Oak Bancshares Director Petty Acquires Shares Through Restricted Stock Unit Vesting

Director Miltom Emmett Petty acquired 2,327 shares of Live Oak Bancshares through the vesting of restricted stock units on May 1, 2025.

Summary

• On May 1, 2025, Miltom Emmett Petty, a director of Live Oak Bancshares, Inc., acquired 2,327 shares of voting common stock.
• This acquisition resulted from the vesting of restricted stock units.
• Following the transaction, Petty directly owns 127,893 shares of Live Oak Bancshares.
• Each restricted stock unit represents a contingent right to receive one share of Live Oak Bancshares, Inc. voting common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of restricted stock units indicates a long-term incentive alignment between the director and the company's performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• It demonstrates the director's continued investment in the company.

Key Dates

Keywords

Live Oak Bancshares, Director, Share Acquisition, Restricted Stock Units, Form 4, Beneficial Ownership, LOB, Vesting