Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | LOB | Voting Common Stock | 30.1K | Feb 14, 2022 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOB | Restricted Stock Units | Award | $0 | +3.56K | $0.00 | 3.56K | Feb 14, 2022 | Voting Common Stock | 3.56K | Direct | F1, F2 | ||
holding | LOB | Restricted Stock Units | 6.01K | Feb 14, 2022 | Voting Common Stock | 6.01K | Direct | F1, F3 | ||||||
holding | LOB | Restricted Stock Units | 1.97K | Feb 14, 2022 | Voting Common Stock | 1.97K | Direct | F1, F4 |
Id | Content |
---|---|
F1 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock. |
F2 | 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. |
F3 | 2,002 of the RSUs will vest on each of February 10, 2022, 2023, and 2024; and 2,003 of the RSUs will vest on February 10, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date. |
F4 | 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. |