Sherbet Eric 4
Research Summary
AI-generated summary
IQVIA EVP/GC Eric Sherbet Receives Award; Shares Withheld
What Happened
- Eric Sherbet, Executive Vice President and General Counsel of IQVIA (IQV), received 6,806 shares on 2026-02-08 as the settlement of performance-based restricted stock units (RSUs). The award shows an acquisition at $0.00 per share (vesting/settlement).
- To satisfy tax withholding, 1,915 of those shares were disposed of on the same date at $187.49 per share, for a withholding amount of $359,043. The performance conditions for the RSUs (granted Feb 13, 2023) were certified as met by the company’s Leadership Development and Compensation Committee on Feb 8, 2026 (footnote F1).
- This is primarily a vesting/award event (not an open-market purchase or a deliberate sale for investment), with the share disposition being a routine tax-withholding transaction.
Key Details
- Transaction date: 2026-02-08 (reported on Form 4 filed 2026-02-10).
- Award: 6,806 shares acquired at $0.00 (performance-based RSUs).
- Tax withholding: 1,915 shares disposed at $187.49 each = $359,043.
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: RSUs were granted Feb 13, 2023 and performance conditions were certified satisfied Feb 8, 2026.
- Remark: Executive Vice President, General Counsel.
- Filing timeliness: Form 4 filed 2026-02-10 covering the Feb 8 transaction — appears timely (Form 4 is generally due within two business days).
Context
- These were performance RSUs that vested/settled; acquiring shares at $0.00 indicates settlement rather than a cash purchase. Withholding shares to cover taxes is common and does not necessarily signal a decision to sell for investment reasons. No open-market sale of additional shares is reported in this filing.