Form 4: Live Oak Bancshares Executive John W. Sutherland Reports Stock Transactions
SEC Form 4 Filing
John W. Sutherland, Chief Accounting Officer of Live Oak Bancshares, reports transactions involving voting common stock and restricted stock units.
Summary
- On February 14, 2025, John W. Sutherland, Chief Accounting Officer of Live Oak Bancshares, executed transactions involving the company's voting common stock and restricted stock units (RSUs).
- Sutherland acquired 711 shares of voting common stock through the vesting of RSUs.
- He also disposed of 354 shares to cover tax obligations at a price of $34.92.
- Additionally, Sutherland acquired 316 shares of voting common stock through the vesting of RSUs and disposed of 158 shares to cover tax obligations at a price of $33.93.
- Following these transactions, Sutherland directly owns 12,201 shares of voting common stock.
- He also holds 2,134, 632, 3,505, 356, and 2,850 Restricted Stock Units, and an employee stock option for 3,000 shares.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | RSUs vest in five equal annual installments beginning on this date. |
| 07/22/2022 | 25% of shares subject to employee stock option vested on this date. |
| 02/14/2023 | RSUs vest in five equal annual installments beginning on this date. |
| 02/13/2024 | RSUs vest in five equal annual installments beginning on this date. |
| 02/14/2025 | Date of transactions reported in the Form 4; RSUs vest in five equal annual installments beginning on this date. |
| 02/12/2025 | RSUs vest in five equal annual installments beginning on this date. |
| 07/22/2025 | Employee Stock Option Expiration Date |
| 02/10/2026 | RSUs vest in five equal annual installments beginning on this date. |
Keywords
Live Oak Bancshares, LOB, Form 4, Insider Trading, John W. Sutherland, Chief Accounting Officer, Voting Common Stock, Restricted Stock Units, RSU, Stock Options, Beneficial Ownership, SEC Filing
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