secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001462120-26-000009
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212026000009/0001462120-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212026000009/lob-20260209.htm
  HTML page:      https://secwatch.observer/filing/0001462120-26-000009

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