Berkshire James G. 4

What Happened

• James G. Berkshire, Executive Vice President, Global Infrastructure and Operations at IQVIA (IQV), was granted 11,180 stock appreciation rights (SARs on 2026-02-09). The Form 4 reports the award as a derivative grant (transaction code A) with a reported price of $0.00. The award itself is not a purchase or sale of common stock but a compensation grant that may yield value if IQVIA’s stock price increases.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely within the two-business-day reporting window).
• Grant: 11,180 stock appreciation rights (SARs); reported price $0.00 on the form.
• Vesting: SARs vest in three annual installments beginning February 9, 2027 (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Transaction code: A (award/grant); type: Derivative instrument (SAR).
• No sale, purchase, or tax-withholding disposition reported in this filing.

Context

• Stock appreciation rights (SARs) are a form of equity compensation that typically pay the holder the appreciation in the company’s stock price, settled in cash or shares upon exercise; this grant does not represent immediate cash or stock received. Vesting over three years means the award becomes exercisable gradually, so any eventual value depends on future stock performance and whether the SARs are exercised or settled.