Schechter Adam H 4

What Happened Adam H. Schechter, President & CEO (and Director) of Labcorp Holdings (LH), had Restricted Stock Units (RSUs) convert to common stock in early February 2026. He acquired a total of 7,709 shares through conversion/vesting (4,460 on Feb 6 and 3,249 on Feb 7). To satisfy tax withholding obligations, 2,667 shares were surrendered (stock withheld) on Feb 6 and Feb 9 — 1,315 shares at $277.20 ($364,518) and 1,352 shares at $274.01 ($370,462), totaling $734,980 withheld. Net effect: Schechter retained about 5,042 additional shares after withholding. The conversions show $0.00 exercise price (typical for RSU settlement).

Key Details

• Transaction dates: Feb 6, 2026 (4,460 RSU conversions; 1,315 shares withheld at $277.20) and Feb 7, 2026 (3,249 RSU conversions; 1,352 shares withheld on Feb 9 at $274.01).
• Withheld value: $364,518 + $370,462 = $734,980 (approx. $735K) paid via share withholding to cover taxes.
• Net shares added: 7,709 acquired − 2,667 withheld = +5,042 net shares.
• Footnotes: F1 = each RSU converts to one share; F2 = stock withholding for taxes; F3/F5 = vesting schedule details for the underlying grants; F4 = reflects aggregate RSUs held (aggregate number not specified here).
• Filing: Form 4 filed Feb 10, 2026 covering Feb 6–9 transactions (no late filing indicated).
• Remark: Exhibit 24 (Power of Attorney) included.

Context These transactions reflect RSU vesting and routine tax-withholding via share surrender (a common, non‑market-sale method of meeting tax obligations). The RSU conversions had no exercise price (not an options purchase); withheld shares were used for taxes rather than sold on the open market. Such vesting increases insider ownership but withholding is administrative and not a directional market signal.