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LABCORP HOLDINGS INC.·4

Feb 10, 3:04 PM ET

Meltzer Jonathan C 4

Research Summary

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Updated

Labcorp (LH) EVP Jonathan Meltzer Receives RSUs, Sells Shares

What Happened

  • Jonathan C. Meltzer, EVP, Operations at Labcorp Holdings Inc. (LH), had Restricted Stock Units (RSUs) convert to common stock on Feb 6–7, 2026 (267 and 263 shares respectively; total 530 shares). To satisfy tax withholding, 173 shares were surrendered (91 shares at $277.20 = $25,225; 82 shares at $274.01 = $22,469). Separately, 88 shares were sold in an open‑market transaction on Feb 9, 2026 at $275.53 for proceeds of $24,247. Total reported proceeds/dispositions from these actions were about $71,941. The RSU conversions show $0 exercise price (conversion of award into shares).

Key Details

  • Transaction dates and prices:
    • Feb 6, 2026: 267 RSUs converted to shares (disposition entry at $0.00).
    • Feb 7, 2026: 263 RSUs converted to shares (disposition entry at $0.00).
    • Feb 6, 2026: 91 shares withheld for taxes at $277.20 (value $25,225).
    • Feb 9, 2026: 88 shares sold open market at $275.53 (proceeds $24,247).
    • Feb 9, 2026: 82 shares withheld for taxes at $274.01 (value $22,469).
  • Shares after transactions: From this vesting event Meltzer received 530 shares, 261 were disposed (173 withheld + 88 sold), leaving roughly 269 newly issued shares retained from the vesting. The filing does not list his full total holdings of company stock.
  • Footnotes/other notes:
    • F1: Each RSU converts to one share.
    • F2: Stock withholding was used to satisfy tax obligations.
    • F3: The open‑market sale was executed under a prearranged Rule 10b5‑1 plan.
    • F4/F6: The RSUs were part of a grant that vests in two equal annual installments beginning Feb 6, 2026; vesting occurred Feb 6–7, 2026.
  • Filing timeliness: Reported on Feb 10, 2026 for transactions on Feb 6–9 — filed within the standard two business‑day Form 4 window.

Context

  • These were RSU vesting/conversion events (derivative conversion), not open purchases of stock. The use of share withholding to cover taxes and a 10b5‑1 plan sale are common, routine post‑vesting actions and do not by themselves indicate a change in insider sentiment.