Form 4: Live Oak Bancshares President Reports Stock Transactions
Insider Transaction Report
Live Oak Bancshares President William C Losch III reported the acquisition of common stock through RSU vesting and a subsequent sale for tax obligations, alongside a new RSU grant.
Summary
- William C Losch III, President of Live Oak Bancshares, Inc. (LOB), reported transactions involving the company's voting common stock and restricted stock units (RSUs).
- On February 10, 2026, Losch acquired 9,030 shares of voting common stock through the vesting of RSUs.
- Immediately following, Losch disposed of 4,105 shares of voting common stock at a price of $41.04 per share to satisfy tax withholding obligations related to the RSU vesting.
- As a result of these transactions, Losch's direct beneficial ownership of voting common stock is 195,498 shares.
- On February 9, 2026, Losch was granted 52,694 new Restricted Stock Units, which will vest in five equal annual installments starting February 9, 2027.
- Losch holds a total of 381,180 Restricted Stock Units across multiple grants with various vesting schedules.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive disclosure, reflecting ongoing executive compensation and alignment with company performance, without indicating any adverse operational or financial events.
Positives
- The President received a new grant of 52,694 Restricted Stock Units, aligning his interests with long-term shareholder value.
- The vesting of 9,030 RSUs into common stock indicates the successful achievement of prior compensation milestones.
Negatives
- A disposition of 4,105 shares of common stock occurred to cover tax withholding, which is a common practice but reduces the insider's direct shareholding.
Future Outlook
The reporting person holds a significant number of Restricted Stock Units with vesting schedules extending through at least February 2031 (5-year vesting from 2026 grant), indicating future potential share issuances and continued alignment of executive incentives with long-term company performance.
Industry Context
StockSavvy.ai notes that the grant of Restricted Stock Units and subsequent vesting and tax-related sales are standard practices in executive compensation across the financial services industry. This structure aims to align executive incentives with long-term shareholder value creation, while the tax-related sales are a common mechanism for executives to cover tax liabilities upon vesting.
Stakeholder Impact
- Shareholders: The vesting and issuance of common stock from RSUs will result in minor dilution, but the RSU grants align executive interests with long-term shareholder value.
- Employees: The compensation structure for the President may reflect broader compensation practices within the company, potentially impacting employee morale and retention.
Next Steps
- Continued vesting of various Restricted Stock Unit grants on their respective schedules.
- Potential future acquisitions of common stock upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 2022-08-10 | Start of five equal annual installments for vesting of 42,000 Restricted Stock Units. |
| 2023-02-14 | Start of five equal annual installments for vesting of 2,528 Restricted Stock Units. |
| 2024-02-13 | Start of five equal annual installments for vesting of 53,769 Restricted Stock Units. |
| 2024-08-25 | Start of five equal annual installments for vesting of 150,000 Restricted Stock Units. |
| 2025-02-12 | Start of five equal annual installments for vesting of 44,066 Restricted Stock Units. |
| 2026-02-09 | Date of grant for 52,694 Restricted Stock Units. |
| 2026-02-10 | Date of RSU vesting and subsequent common stock disposition for tax withholding. |
| 2026-02-10 | Start of five equal annual installments for vesting of 9,030 Restricted Stock Units (from a larger grant). |
| 2026-02-11 | Signature date of the filing by Power of Attorney. |
| 2027-02-09 | Start of five equal annual installments for vesting of 52,694 Restricted Stock Units granted on February 9, 2026. |
Keywords
Live Oak Bancshares, LOB, Insider Trading, Form 4, Restricted Stock Units, Executive Compensation, William C Losch III, Stock Transactions
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