Form 4: Live Oak CFO Phifer Reports Equity Holdings

Live Oak Bancshares CFO Walter J. Phifer reported his beneficial ownership of company stock and restricted stock units, including a new RSU grant.

Summary

• Walter J. Phifer, Chief Financial Officer of Live Oak Bancshares, Inc. (LOB), reported his beneficial ownership of company securities.
• As of August 18, 2025, Mr. Phifer directly owns 5,743 shares of Live Oak Bancshares, Inc. Voting Common Stock.
• He was granted 14,581 Restricted Stock Units (RSUs) on August 18, 2025, which will vest in five equal annual installments starting August 18, 2026.
• In addition to the new grant, Mr. Phifer holds 37,113 total Restricted Stock Units (RSUs) across multiple grants with various vesting schedules.
• He also holds an Employee Stock Option to purchase 6,160 shares of Voting Common Stock at an exercise price of $13.59, which expires on February 16, 2026, and is fully vested.

Sentiment

Score: 5

Explanation: This is a routine insider transaction report (Form 4) detailing equity grants and holdings, which typically has a neutral sentiment unless it indicates significant sales or unusual activity. The grant of new RSUs is a positive for executive alignment but does not reflect company performance.

Positives

• The grant of 14,581 Restricted Stock Units (RSUs) to the Chief Financial Officer aligns management's interests with long-term shareholder value.
• The continued holding of significant equity and equity-linked awards by a key executive demonstrates commitment to the company's future performance.

Negatives

• No immediate cash transaction or sale of securities was reported, which is typical for this type of filing.

Future Outlook

The future outlook for the reporting person's equity holdings is tied to the vesting schedules of the Restricted Stock Units, with new grants vesting annually starting August 18, 2026, and other grants continuing to vest through various dates, subject to continuous service.

Management Comments

• No direct management comments or quotes are provided in this Form 4 filing, as it is a statutory report of insider transactions.

Industry Context

This Form 4 filing is a routine disclosure of insider equity holdings and compensation, specific to Live Oak Bancshares, Inc. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• This filing is a standard SEC Form 4, reporting insider ownership changes. It does not contain information for direct comparison to specific comparable companies, projects, or results beyond the reported equity holdings of a single executive.

Stakeholder Impact

• Shareholders: The grant of Restricted Stock Units to the Chief Financial Officer aligns his financial interests with the long-term performance of the company, potentially benefiting shareholders through improved executive incentives.

Next Steps

• Future vesting events for the Restricted Stock Units will occur on their respective annual schedules, contingent on the reporting person's continuous service to the company.

Key Dates

Keywords

Live Oak Bancshares, LOB, SEC Form 4, Insider Trading, Restricted Stock Units, Employee Stock Option, CFO, Equity Compensation, Beneficial Ownership