Form 4: Live Oak Bancshares Executive Stephanie Mann Reports Stock Transactions

Stephanie Mann, Chief Strategy Officer of Live Oak Bancshares, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.

Summary

• On February 24, 2025, Stephanie Mann, Chief Strategy Officer of Live Oak Bancshares, had 2,000 restricted stock units (RSUs) vest.
• Ms. Mann disposed of 589 shares of voting common stock at a price of $31.99 to cover tax obligations related to the vesting of the RSUs.
• Following these transactions, Ms. Mann directly owns 42,195 shares of Live Oak Bancshares voting common stock.
• Ms. Mann also holds various tranches of unvested Restricted Stock Units (RSUs) totaling 63,420 shares that vest between February 2026 and February 2031.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; therefore, the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedules and amounts of RSUs are generally comparable to those offered by similar-sized financial institutions to their executive officers.
• The sale of shares to cover tax obligations upon vesting of RSUs is a common practice among executives.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
• The vesting of RSUs incentivizes the executive to continue contributing to the company's success.

Key Dates