Kyle Kathryn W 4
Research Summary
AI-generated summary
LabCorp (LH) EVP Kyle Kathryn W Receives Performance Award; 451 Shares Withheld
What Happened
- Kyle Kathryn W, Executive Vice President and Chief Legal Officer of LabCorp Holdings, received 1,584 shares on March 26, 2026 under a long-term performance award (code A). The award vested based on performance for the three-year period ended Dec 31, 2025.
- To satisfy tax withholding obligations (code F), 451 of those shares were surrendered at a reported per-share value of $268.38, yielding proceeds of $121,039. Net shares retained from the vesting were 1,133 (1,584 - 451), representing an approximate market value of $304,075 at $268.38/share.
Key Details
- Transaction dates: March 26, 2026 (award vesting and share withholding); Form 4 filed March 30, 2026 (timely).
- Prices reported: Award shares acquired at $0.00 (vested award); 451 shares withheld at $268.38/share for taxes (total ~$121,039).
- Gross value of vested award (based on $268.38): ~ $425,114 for 1,584 shares.
- Shares owned after transaction: not reported in the information provided.
- Footnotes: Vesting relates to a performance award granted Feb 7, 2023 for the 3-year performance period ended Dec 31, 2025; withholding was used to satisfy tax obligations (stock surrender).
Context
- This filing reflects a compensatory vesting event (award) and routine tax withholding, not an open-market sale. Such withholding is common when restricted or performance shares vest and does not by itself signal a change in insider sentiment.