Buss Eric J 4
Research Summary
AI-generated summary
Life Time (LTH) EVP Eric Buss Receives PSUs; 17,062 Shares Sold for Taxes
What Happened
- Eric J. Buss, EVP & Chief Administrative Officer of Life Time Group Holdings (LTH), was granted a total of 100,180 performance-based stock units (PSUs) on Feb 25, 2026 (grants of 6,484; 39,390; 32,422; and 21,884 shares). To satisfy tax/exercise obligations tied to these awards, 17,062 shares were surrendered/disposed at $26.47 per share for a total of $451,631.
- The awards are performance stock units (contingent rights to receive common stock) tied to fiscal 2025 performance and additional time-based vesting; based on reported performance the performance conditions were met, but vesting is subject to further timing conditions (see footnotes).
Key Details
- Transaction date: 2026-02-25; withholding/sale price: $26.47 per share; total withheld value: $451,631.
- Grants reported: 6,484; 39,390; 32,422; 21,884 = 100,180 PSUs awarded (reported as acquisitions at $0.00 because they are contingent awards).
- Disposition code F indicates shares were surrendered/withheld to pay an exercise price or tax liability (not an open-market sale for cash proceeds).
- Footnotes: PSUs tied to fiscal 2025 performance — performance condition met; remaining vesting depends on (a) future performance determinations for fiscal 2026 or 2027 (depending on grant) and (b) post-release trading date of the issuer’s financial results.
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: Reported for period 2026-02-25 and filed 2026-02-27 — appears timely.
Context
- These were grants of performance-based restricted stock units, not open-market purchases. The withheld/disposed shares were used to cover tax obligations (a routine administrative step), so the disposal does not necessarily signal a discretionary sale for cash.
- For retail investors, awards indicate company compensation tied to performance metrics; buy/sell signals are stronger when insiders purchase shares outright.