On February 9, 2026, the Compensation Committee of Live Oak Bancshares, Inc. approved discretionary cash bonus awards and RSU awards to certain named executive officers under the 2015 Omnibus Stock Incentive Plan. The RSU awards, representing rights to common stock, vest in five equal annual installments beginning February 9, 2027.
Key takeaways
Renato Derraik (Chief Information and Digital Officer, Live Oak Bank) received $60,000 cash bonus and 13,173 RSUs
William C. Losch, III (President of Company and Bank) received $80,000 cash bonus and 52,694 RSUs
Walter J. Phifer (CFO of Company and Bank) received $50,000 cash bonus and 9,580 RSUs
Gregory W. Seward (General Counsel of Company and Bank) received $45,000 cash bonus and 8,383 RSUs
RSUs vest in five equal annual installments starting February 9, 2027; unvested RSUs forfeit upon termination before February 9, 2031
No equity awards to James S. Mahan III (Chairman and CEO) due to substantial stock ownership alignment with shareholders