BOUSBIB ARI 4

What Happened
Ari Bousbib, Chairman, Chief Executive Officer & President of IQVIA (IQV), received a grant of 78,264 stock appreciation rights (SARs) on February 9, 2026. The award is reported as a derivative acquisition at $0.00 per unit (i.e., a grant of SARs, not a cash purchase). The SARs do not represent immediately transferable common shares and will only convert to value (cash or shares) if and when vested and exercised according to plan terms.

Key Details

• Transaction date: 2026-02-09; Form 4 filed 2026-02-11.
• Grant: 78,264 SARs recorded at $0.00 per unit (transaction code A — award/grant; derivative).
• Vesting: Footnote indicates the SARs vest in three annual installments beginning Feb 9, 2027 (26,088 SARs per year if prorated equally).
• Shares owned after transaction: Not reported in this Form 4.
• Filing timeliness: Reported two days after the transaction (within the typical two-business-day Form 4 window).

Context
SARs are derivative awards that give the holder the right to receive value tied to future stock appreciation (typically settled in cash and/or shares) once vested and exercised. This grant is a compensation award for the CEO and is not an open-market purchase or sale; it does not necessarily signal immediate buying or selling intent.