Schechter Adam H 4

What Happened

• Adam H. Schechter, President & CEO and a director of Labcorp Holdings, received 58,470 shares on March 26, 2026 pursuant to a performance award (granted Feb 7, 2023) that vested for the 3-year period ended Dec 31, 2025. To satisfy tax withholding obligations, 26,106 of those shares were withheld/disposed at $268.38 per share, generating proceeds of $7,006,328. The award shares were issued at $0 (no purchase price).

Key Details

• Transaction date: March 26, 2026.
• Award: 58,470 shares issued (code A); per footnote, these were performance shares tied to 2023–2025 performance.
• Tax withholding: 26,106 shares withheld/disposed (code F) at $268.38 each for ~$7.01M to satisfy tax obligations.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Form filed March 30, 2026; this appears to meet the usual two-business-day Form 4 filing window (timely).
• Footnotes: F1 = performance award granted Feb 7, 2023 covering 2023–2025; F2 = shares withheld to satisfy tax withholding.

Context

• This was not an open-market sale for cash gain but standard tax-withholding following vesting of a performance award. Such withholding is routine and does not necessarily signal a view on the company’s prospects. Transaction codes: A = award/grant, F = tax withholding.