Rothman Paul 4

What Happened
Paul Rothman, a Labcorp (LH) director, had 897 Restricted Stock Units (RSUs) fully vest on February 11, 2026. The RSUs converted into 897 shares of Labcorp common stock (reported as an exercise/conversion of a derivative). The filing also reports a simultaneous disposal of 897 shares at $0.00 (reported value $0), leaving no net increase in shares retained by the insider.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (appears filed within the typical 2-business-day window).
• Reported transactions: conversion/exercise of derivative (code M) — 897 shares acquired; 897 shares disposed at $0.00.
• Footnotes: F1 = each RSU converts to one share; F2 = RSUs vested fully on Feb 11, 2026; F3 = number shown reflects the reporting person’s RSU aggregate.
• Net effect: no reported net change in beneficial ownership (897 shares converted and 897 shares disposed).
• The filing does not report cash proceeds from the disposal.

Context
For RSU vesting, it’s common for shares to be converted and then withheld or transferred to satisfy tax-withholding or other obligations; a disposal reported at $0.00 is consistent with a non-market settlement (e.g., share withholding or net share settlement), though the Form 4 does not explicitly state the reason. This transaction is an award/vesting event rather than an open-market buy or sale and therefore does not necessarily signal a change in the insider’s view of the company.