NEUPERT PETER M 4

What Happened

• Peter M. Neupert, a director of Labcorp Holdings, had 897 restricted stock units (RSUs) vest and convert into 897 shares on February 11, 2026. The Form 4 reports an exercise/conversion (transaction code M) acquiring 897 shares and a simultaneous disposal of 897 shares at $0.00. No cash sale or open-market sale is reported.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely — within the typical 2-business-day window).
• Reported entries: 897 shares acquired via exercise/conversion (M); 897 shares disposed at $0.00.
• Price/Value: Disposal price reported as $0.00 — filing shows no cash proceeds.
• Shares owned after transaction: Not specified in the filing (footnote F3 notes the reported number reflects the aggregate RSUs held).
• Relevant footnotes:
  • F1: Each RSU represents the right to one share of Labcorp common stock.
  • F2: The RSUs vested fully on February 11, 2026.
  • F3: The number shown reflects the aggregate number of RSUs held by the reporting person.
• Transaction code: M = exercise or conversion of derivative/security.

Context

• This filing reflects an award vesting/conversion of RSUs rather than a purchase or open-market sale. The matching acquisition and $0.00 disposal is commonly seen when vested award shares are converted and then withheld or surrendered (e.g., for tax withholding or net-share settlement); the Form 4’s footnotes confirm full vesting but do not specify the exact reason for the $0.00 disposal. This activity is routine for equity compensation and does not by itself indicate a buy or sell signal in the open market.