Form 4: Live Oak Bancshares Executive Courtney Spencer Reports Stock Transactions

Courtney Spencer, Chief Experience Officer of Live Oak Bancshares, reports the vesting and disposition of restricted stock units and transactions involving voting common stock.

Summary

• On February 10, 2025, Courtney Spencer, Chief Experience Officer of Live Oak Bancshares, reported transactions involving the company's voting common stock and restricted stock units (RSUs).
• 2,003 shares of voting common stock were acquired through the vesting of RSUs.
• 997 shares were disposed of at a price of $35.08.
• Following these transactions, Spencer directly owns 16,182 shares of voting common stock and indirectly owns 152 shares through a spouse.
• Spencer also holds various tranches of RSUs that vest over time, as well as a stock option to purchase 14,000 shares of voting common stock at an exercise price of $13.59.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Future Outlook

The document outlines future vesting schedules for RSUs, indicating continued equity-based compensation for the reporting person.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• Shareholders can monitor insider transactions to assess management's alignment with company performance.

Key Dates

Keywords

Form 4, Live Oak Bancshares, Courtney Spencer, Stock Transactions, Restricted Stock Units, Voting Common Stock, Beneficial Ownership, Officer, LOB