Form 4: Live Oak Bancshares Executive Stephanie Mann Reports Stock Transactions
SEC Form 4
Stephanie Mann, Chief Strategy Officer of Live Oak Bancshares, reports the vesting and disposal of restricted stock units and common stock.
Summary
- On February 14, 2025, Stephanie Mann, Chief Strategy Officer of Live Oak Bancshares, engaged in transactions involving the company's voting common stock and restricted stock units (RSUs).
- Mann acquired 11,949 shares of voting common stock through the vesting of RSUs.
- She also acquired 1,580 shares of voting common stock through the vesting of additional RSUs.
- Simultaneously, she disposed of 3,514 shares at $34.92 and 466 shares at $33.93 to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Mann directly owns 40,784 shares of voting common stock and various tranches of RSUs totaling 35,846 + 3,160 + 4,000 + 7,839 + 5,562 + 9,013 = 65,420 RSUs.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects. The vesting of RSUs is a common form of executive compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the issuance of new shares upon RSU vesting, potentially diluting existing shareholders' ownership slightly.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | 1,112 of the RSUs vested |
| 02/22/2023 | 2,000 of the RSUs will vest |
| 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. |
| 02/10/2024 | 1,113 of the RSUs vested |
| 02/22/2024 | 2,000 of the RSUs will vest |
| 02/12/2025 | RSUs vest in five equal annual installments beginning on this date. |
| 02/14/2025 | Earliest Transaction Date, RSUs vest, shares acquired and disposed of. |
| 02/10/2025 | 1,112 of the RSUs vested |
| 02/22/2025 | 2,000 of the RSUs will vest |
| 02/10/2026 | RSUs vest in five equal annual installments beginning on this date, 2,780 of the RSUs will vest |
| 02/22/2026 | 2,000 of the RSUs will vest |
| 02/10/2027 | 2,782 of the RSUs will vest |
| 02/18/2025 | Date of signature. |
Keywords
Live Oak Bancshares, Stephanie Mann, Form 4, Insider Trading, Stock Transactions, Restricted Stock Units, Voting Common Stock, Chief Strategy Officer
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