secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001462120-23-000011
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212023000011/0001462120-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212023000011/lob-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001462120-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer