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Live Oak Bancshares Executive Compensation (FY25)

LOB · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
152 figures on this page: 144 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
James S. Mahan III, Chairman and Chief Executive Officer, received $965,432 in total compensation for fiscal 2025, and Mahan III's total was 14.3% higher than the $844,974 reported for fiscal 2024. Separately, for fiscal 2025, the company reported a chief executive pay ratio of 5.9:1, against median employee compensation of $162,439. The say-on-pay proposal drew 88.2% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025. For fiscal 2025, the company reported 5 named executive officers.
Chief executive, fiscal 2025
◇
James S. Mahan III
Latest say-on-pay support
=
May 19, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — James S. Mahan III: $844,974 → $965,432 (14.3% higher)
Say-on-pay support: 67.1% → 88.2% (21.1 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Live Oak Bancshares' chief executive and what were they paid?
James S. Mahan III, Chairman and Chief Executive Officer, received $965,432 in total compensation for fiscal 2025. Mahan III's total was 14.3% higher than the $844,974 reported for fiscal 2024.
What was Live Oak Bancshares' say-on-pay result?
The say-on-pay proposal drew 88.2% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025.
What is Live Oak Bancshares' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 5.9:1, against median employee compensation of $162,439.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Losch III
President
◇—◇———◇◇
Renato Derraik
Chief Information and Digital Officer, & Interim Information Security Officer, Bank
Served on an interim basis
◇—◇———◇◇
James Mahan III
Chairman and Chief Executive Officer
◇—————◇◇
Walter Phifer
Chief Financial Officer
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Losch III
President
◇◇◇———◇◇
Renato Derraik
Chief Information and Digital Officer
◇◇◇———◇◇
Gregory Seward
Chief Risk Officer and General Counsel
◇◇◇———◇◇
James Mahan III
Chairman and Chief Executive Officer
◇—————◇◇
Walter Phifer
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William C. Losch III
President
◇◇◇———◇◇
Mark M. Moroz
Chief Banking Officer
◇◇◇———◇◇
Walter J. Phifer
Chief Financial Officer
◇◇◇———◇◇
Renato Derraik
Chief Information and Digital Officer, & Interim Information Security Officer, Bank
Served on an interim basis
◇◇◇———◇◇
James S. Mahan III
Chairman and Chief Executive Officer
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
James S. Mahan IIIOTHER———————
Mark M. MorozRSU◇——◇——◇
Mark M. MorozRSU◇——◇——◇
Renato DerraikRSU◇——◇——◇
Walter J. PhiferRSU◇——◇——◇
Walter J. PhiferRSU◇——◇——◇
William C. Losch IIIRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Walter J. PhiferRSU◇◇——
William C. Losch IIIRSU◇◇——
Renato DerraikRSU◇◇——
Mark M. MorozRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David G. Lucht
◇◇————◇
Yousef A. Valine
◇◇————◇
William H. Cameron
◇◇————◇
Tonya W. Bradford
◇◇————◇
Miltom E. Petty
◇◇————◇
Neil L. Underwood
—————◇◇
Patrick T. McHenry
◇◇————◇
Jeffrey W. Lunsford
◇◇————◇
James S. Mahan III and William L. Williams III served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Audit committee chair◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 14, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Live Oak Bancshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
152 figures on this page: 144 cited to the filing that reported them, 8 calculated from figures it prints.
144 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001462120-26-000045
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001462120-26-000030
    EXECUTIVE COMPENSATION AND OTHER MATTERS · Grants of Plan-Based Awards · Summary Compensation and Other Tables
  3. 0001462120-25-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001462120-25-000026
    Summary Compensation and Other Tables
  5. 0001462120-24-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001462120-24-000028
    Executive Compensation Tables · Summary Compensation and Other Tables
  7. 0001462120-23-000041
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001564590-22-020873
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-21-027006
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-20-025065
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001564590-19-019736
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Live Oak Bancshares executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/LOB (accessed 2026).
Short form: data: Velarion
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy