Live Oak Bancshares (LOB) appoints Matthew Diffley as principal accounting officer
Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
Rhea-AI Filing Summary
Live Oak Bancshares, Inc. appointed Matthew S. Diffley as Principal Accounting Officer of the company effective July 1, 2026, after he joined Live Oak Banking Company as Chief Accounting Officer on June 29, 2026. He succeeds Walter J. Phifer, who had served as interim PAO.
The company expects to grant Mr. Diffley a restricted stock unit award with a grant date fair value of $200,000, vesting in five equal annual installments beginning on the first anniversary of the grant date, subject to Compensation Committee approval. He will also be reimbursed for reasonable relocation expenses and will be eligible for the company’s standard employee benefits, discretionary cash bonuses, and discretionary equity awards. The filing notes he has no family relationships with company executives or directors and no related party transactions requiring disclosure.
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