The estimated Net Worth of Miltom Emmett Petty is at least $5.38 Milion dollars as of 1 May 2024. Mr. Petty owns over 3,625 units of Live Oak Bancshares Inc stock worth over $5,239,869 and over the last 9 years he sold LOB stock worth over $0. In addition, he makes $135,993 as Independent Director at Live Oak Bancshares Inc.
Miltom has made over 8 trades of the Live Oak Bancshares Inc stock since 2015, according to the Form 4 filled with the SEC. Most recently he exercised 3,625 units of LOB stock worth $151,271 on 1 May 2024.
The largest trade he's ever made was exercising 30,000 units of Live Oak Bancshares Inc stock on 29 February 2024 worth over $132,000. On average, Miltom trades about 2,582 units every 161 days since 2015. As of 1 May 2024 he still owns at least 125,566 units of Live Oak Bancshares Inc stock.
You can see the complete history of Mr. Petty stock trades at the bottom of the page.
Miltom E. Petty serves as Independent Director of the Company. He chairs our Audit and Risk Committee. Since June 1977, Mr. Petty has served as the Chief Financial Officer of Carolina Hosiery Mills, Inc., a privately held manufacturing and real estate development company. Since August 2013, Mr. Petty has served as a director of Trust Company of the South. Mr. Petty graduated with a Bachelor of Science degree in Business Administration from the University of North Carolina at Chapel Hill. He has held an active CPA license from the State of North Carolina for 40 years.
As the Independent Director of Live Oak Bancshares Inc, the total compensation of Miltom Petty at Live Oak Bancshares Inc is $135,993. There are 11 executives at Live Oak Bancshares Inc getting paid more, with Huntley Garriott having the highest compensation of $5,884,170.
Miltom Petty is 68, he's been the Independent Director of Live Oak Bancshares Inc since 2010. There are 4 older and 15 younger executives at Live Oak Bancshares Inc. The oldest executive at Live Oak Bancshares Inc is Glen Hoffsis, 79, who is the Independent Director.
Over the last 9 years, insiders at Live Oak Bancshares Inc have traded over $31,180,468 worth of Live Oak Bancshares Inc stock and bought 1,413,508 units worth $29,482,893 . The most active insiders traders include Don Jackson, Neil Lawrence Underwood oraz James S Iii Mahan. On average, Live Oak Bancshares Inc executives and independent directors trade stock every 12 days with the average trade being worth of $680,282. The most recent stock trade was executed by William C Iii Losch on 26 August 2024, trading 50,000 units of LOB stock currently worth $2,086,500.
member fdic. the live oak story we started live oak bank in 2007 to provide veterinary business loans to small, independent businesspeople looking to expand, remodel, refinance and/or acquire an existing practice. from the beginning, we took a personal approach and saw our clients not as numbers, but as real people facing real-life opportunities and challenges. we offered big bank expertise and experience without big bank attitudes. it worked - for us as well as our clients - and we expanded our veterinary funding programs to serve the needs of private pharmacies and dental offices. today, live oak has clients across america, but we still see each one as an individual entrepreneur who deserves our undivided attention. we're their bank and we take that responsibility very personally. with this philosophy, live oak is now one of the largest originators of small business loans with one of the strongest loan portfolios in the country. we have extensive experience lending to selected niche
Live Oak Bancshares Inc executives and other stock owners filed with the SEC include: