0001578563-24-000138.txt : 20240226
0001578563-24-000138.hdr.sgml : 20240226
20240226172014
ACCESSION NUMBER: 0001578563-24-000138
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240223
FILED AS OF DATE: 20240226
DATE AS OF CHANGE: 20240226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SUTHERLAND JOHN W.
CENTRAL INDEX KEY: 0001635154
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37497
FILM NUMBER: 24680240
MAIL ADDRESS:
STREET 1: 1741 TIBURON DRIVE
CITY: WILMINGTON
STATE: NC
ZIP: 28403
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Live Oak Bancshares, Inc.
CENTRAL INDEX KEY: 0001462120
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 264596286
STATE OF INCORPORATION: NC
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1741 TIBURON DRIVE
CITY: WILMINGTON
STATE: NC
ZIP: 28403
BUSINESS PHONE: 910-790-5867
MAIL ADDRESS:
STREET 1: 1741 TIBURON DRIVE
CITY: WILMINGTON
STATE: NC
ZIP: 28403
4
1
wk-form4_1708985997.xml
FORM 4
X0508
4
2024-02-23
0
0001462120
Live Oak Bancshares, Inc.
LOB
0001635154
SUTHERLAND JOHN W.
1741 TIBURON DRIVE
WILMINGTON
NC
28403
0
1
0
0
Chief Accounting Officer
0
Voting Common Stock
2024-02-23
4
M
0
177
A
57192
D
Voting Common Stock
2024-02-23
4
F
0
89
39.30
D
57103
D
Restricted Stock Units
2024-02-23
4
M
0
177
0
D
Voting Common Stock
177
356
D
Restricted Stock Units
Voting Common Stock
461
461
D
Restricted Stock Units
Voting Common Stock
948
948
D
Restricted Stock Units
Voting Common Stock
2845
2845
D
Restricted Stock Units
Voting Common Stock
4381
4381
D
Employee Stock Option (right to buy)
17
2025-07-22
Voting Common Stock
3000
3000
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
The RSUs vest in five equal annual installments beginning on February 22, 2022, subject to the reporting person's continuous service to the Company or a related entity on such date.
460 of the RSUs vested on each of February 10, 2022 and February 12, 2024; and 461 of the RSUs will vest on February 10, 2023 and 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
The RSUs vest in five equal annual installments beginning on February 14, 2023, subject to the reporting person's continuous service to the Company or a related entity on such date.
The RSUs vest in five pro rata annual installments beginning on February 13, 2024, subject to the reporting person's continuous service to the Company or a related entity on such date.
The RSUs vest in five pro rata annual installments beginning on February 12, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
The shares subject to this option vest and become exercisable yearly in seven installments beginning on July 22, 2016, as follows: 10% of the shares subject to the option vested on each of July 22, 2016, 2017, 2018, 2019, and 2020; 25% of the shares subject to the option vested on July 22, 2021; and 25% of the shares subject to the option vested on July 22, 2022.
/s/ Jonathan A. Greene, By Power of Attorney
2024-02-26