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Get filing alertsLive Oak Bancshares appoints Matthew Diffley as Principal Accounting Officer
Filed July 2, 2026 · Period ending July 1, 2026 · ~1 min read
Key Changes
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Matthew S. Diffley, 46, appointed Principal Accounting Officer effective July 1, 2026, replacing interim PAO Walter J. Phifer who served since June 16, 2026. Diffley previously served as SVP, Controller at Seacoast Banking Corporation of Florida since June 2020.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Company expects to grant Diffley a restricted stock unit award valued at $200,000, vesting in five equal annual installments beginning on the first anniversary of grant, subject to Compensation Committee approval.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Live Oak Bancshares filled its Principal Accounting Officer role with Matthew S. Diffley, effective July 1, 2026. Diffley brings six years of controller experience from Seacoast Banking Corporation of Florida, a regional peer. He replaces Walter J. Phifer, who had served in an interim capacity for just two weeks following the previous PAO's departure.
For retail holders, this is a routine executive appointment that restores permanent leadership to the accounting function. The brief interim period and Diffley's relevant banking background suggest a planned transition rather than an unexpected vacancy. The compensation package—a $200,000 RSU grant vesting over five years—is standard for a mid-level finance role at a regional bank.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
In connection with his employment, the Company expects to grant Mr. Diffley a restricted stock unit (“RSU”) award representing shares of the Company’s voting common stock with a grant date fair value of $200,000, which will vest in five equal installments beginning on the first anniversary of the date of grant. This RSU award is subject to approval by the Compensation Committee of the Board of Directors.
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. The award is subject to Compensation Committee approval. He will also be eligible for relocation reimbursement, employee benefit plans, annual discretionary cash bonuses, and discretionary equity awards.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify