Form 4: Live Oak Bancshares Executive Renato Derraik Reports Stock Transactions
SEC Form 4 Filing
Renato Derraik, Chief Info./Digital Officer at Live Oak Bancshares, reports the vesting and disposal of restricted stock units.
Summary
- On February 12, 2025, Renato Derraik, Chief Info./Digital Officer of Live Oak Bancshares, Inc., reported transactions involving the company's voting common stock.
- Derraik acquired 4,256 shares through the vesting of restricted stock units (RSUs).
- He also disposed of 2,000 shares at a price of $34.8.
- Following these transactions, Derraik directly owns 39,700 shares of Live Oak Bancshares voting common stock.
- He also holds various tranches of unvested Restricted Stock Units (RSUs) totaling 142,135 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Similar filings are made by executives at comparable financial institutions like Truist Financial, Bank of America, and JPMorgan Chase, providing investors with insights into executive compensation and stock ownership trends.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may be interested in the insider's perspective on the company's stock, but the transactions are relatively small.
Key Dates
| Date | Description |
|---|---|
| August 10, 2022 | Start date for vesting of 50,000 RSUs in five equal annual installments. |
| February 14, 2023 | Start date for vesting of 4,740 RSUs in five equal annual installments. |
| February 13, 2024 | Start date for vesting of 71,692 RSUs in five equal annual installments. |
| February 12, 2025 | Date of the reported transactions: RSU vesting of 4,256 shares and disposal of 2,000 shares. |
| February 12, 2025 | Start date for vesting of 4,256 RSUs in five equal annual installments. |
| February 10, 2026 | Start date for vesting of 15,678 RSUs in five equal annual installments. |
| February 14, 2025 | Date of signature for the report. |
Keywords
Live Oak Bancshares, Renato Derraik, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, LOB, Beneficial Ownership
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