Form 4: Live Oak Bancshares General Counsel Gregory W. Seward Reports Stock Transactions
SEC Form 4
Gregory W. Seward, General Counsel of Live Oak Bancshares, reports the acquisition and disposal of voting common stock and restricted stock units on February 14, 2025.
Summary
- On February 14, 2025, Gregory W. Seward, General Counsel of Live Oak Bancshares, engaged in transactions involving the company's voting common stock and restricted stock units (RSUs).
- Seward acquired 11,949 shares of voting common stock through the vesting of RSUs.
- He also acquired 2,370 shares of voting common stock through the vesting of additional RSUs.
- Seward disposed of 5,311 shares of voting common stock at a price of $34.92.
- Additionally, he disposed of 1,054 shares of voting common stock at a price of $33.93.
- Following these transactions, Seward directly owns 96,322 shares of voting common stock.
- He also holds 35,846 RSUs that vest in five equal annual installments beginning on February 13, 2024.
- Seward holds 4,740 RSUs that vest in five equal annual installments beginning on February 14, 2023.
- He also holds 2,000 RSUs that vest in five equal annual installments beginning on February 22, 2022.
- Seward holds 9,264 RSUs that vest in five equal annual installments beginning on February 10, 2026.
- He holds 11,016 RSUs that vest in five equal annual installments beginning on February 12, 2025.
- Seward also holds an employee stock option for 13,500 shares of voting common stock at an exercise price of $14.55, which vested in installments beginning on November 19, 2016.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by an officer.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings are monitored by investors to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 11/19/2016 | Start date for vesting of employee stock option. |
| 02/22/2022 | Start date for vesting of 2,000 RSUs. |
| 02/14/2023 | Start date for vesting of 4,740 RSUs. |
| 02/13/2024 | Start date for vesting of 35,846 RSUs. |
| 02/12/2025 | Start date for vesting of 11,016 RSUs. |
| 02/14/2025 | Transaction date for stock acquisitions and disposals. |
| 11/19/2025 | Expiration date for employee stock option. |
| 02/10/2026 | Start date for vesting of 9,264 RSUs. |
Keywords
Live Oak Bancshares, Form 4, Insider Trading, Stock Transactions, Gregory W. Seward, Voting Common Stock, Restricted Stock Units, General Counsel
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