---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-26-000009"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2026-02-13T23:59:59+00:00"
generated_at: "2026-05-16T02:45:39.575854+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares awards $235K cash bonuses and 83,830 RSUs to four executives

## Summary
- William C. Losch III (President) received $80K cash bonus and 52,694 RSUs.
- Renato Derraik (CIO) received $60K cash and 13,173 RSUs; Walter Phifer (CFO) $50K cash and 9,580 RSUs.
- Gregory Seward (GC) received $45K cash and 8,383 RSUs; all RSUs vest 20% annually over five years.
- Chairman/CEO James Mahan III received no equity award; Committee cited his substantial existing stock ownership.
- Awards were approved Feb 9, 2026 under the 2015 Omnibus Stock Incentive Plan.

## SEC filing metadata
- accession: 0001462120-26-000009
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2026-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212026000009/0001462120-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212026000009/lob-20260209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-26-000009
- JSON: https://secwatch.observer/filing/0001462120-26-000009.json
- Plain text: https://secwatch.observer/filing/0001462120-26-000009.txt

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