Bailey Megan D. 4

What Happened Megan D. Bailey, EVP and President, Central Labs & International at Labcorp (LH), had 403 restricted stock units (RSUs) convert to common shares on Feb 11, 2026. Of those, 138 shares were withheld to satisfy tax withholding obligations at $289.89 per share, totaling $40,005. The net shares delivered to Bailey after withholding were 265 shares (403 vested − 138 withheld).

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely).
• Primary actions reported:
  • Conversion/exercise of derivative/RSUs: 403 RSUs converted to 403 shares (code M).
  • Tax withholding: 138 shares withheld/disposed to cover taxes at $289.89 each = $40,005 (code F).
• Net shares received by insider: 265 shares.
• Footnotes:
  • F1: Each RSU converts to one share of common stock.
  • F2: Stock withholding used to satisfy tax withholding.
  • F3: These RSUs were part of a grant that vests in three equal annual installments beginning Feb 11, 2026.
  • F4: The filing notes the aggregate RSUs held by the reporting person (exact post-transaction total not stated in the provided summary).
• No indication this was a market purchase (bullish) — this was vesting of compensation and routine tax withholding.

Context

• This was a standard RSU vesting event followed by stock withholding to cover taxes (a common, non-investment-related disposition). The filing shows conversion of derivative awards (RSUs) rather than an exercised option for cash; the withheld shares served to pay the tax liability.