---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-23-000011"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T07:55:29.095311+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares awards cash bonuses and RSUs to four named executive officers

## Summary
- William C. Losch III receives $77,500 cash bonus and RSU award of 89,615 shares.
- M. Huntley Garriott Jr. receives $90,000 cash bonus; no RSU award.
- Renato Derraik receives $158,000 cash bonus and RSU award of 89,615 shares.
- Neil L. Underwood receives $80,000 cash bonus; no RSU award.
- RSUs vest 20% annually over 5 years; forfeited if employment ends before Feb 13, 2028.

## SEC filing metadata
- accession: 0001462120-23-000011
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000011/0001462120-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000011/lob-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-23-000011
- JSON: https://secwatch.observer/filing/0001462120-23-000011.json
- Plain text: https://secwatch.observer/filing/0001462120-23-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.