Shvartsburg Alex 4

Accession 0001639691-25-000025

CIK 0001639691other

View on SEC.gov Company Profile

Filed

Mar 31, 8:00 PM ET

Accepted

Apr 1, 9:00 PM ET

Size

36.2 KB

Accession

0001639691-25-000025

Insider Transaction Report

Form 4

Period: 2025-03-30

LivaNova PLCLIVN

Shvartsburg Alex

Chief Financial Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2025-03-30−853→ 0 total
→ Ordinary Shares (853 underlying)
Exercise/Conversion
Restricted Stock Units
2025-03-30−1,788→ 5,362 total
→ Ordinary Shares (1,788 underlying)
Exercise/Conversion
Ordinary Shares
2025-03-30+11,083→ 30,196 total
Award
Restricted Stock Units
2025-03-30+10,861→ 10,861 total
→ Ordinary Shares (10,861 underlying)
Exercise/Conversion
Performance Stock Units
2025-03-30−1,610→ 0 total
→ Ordinary Shares (1,610 underlying)
Exercise/Conversion
Restricted Stock Units
2025-03-30−2,364→ 4,728 total
→ Ordinary Shares (2,364 underlying)
Exercise/Conversion
Performance Stock Units
2025-03-30−2,120→ 0 total
→ Ordinary Shares (2,120 underlying)
Exercise/Conversion
Performance Stock Units
2025-03-30−1,434→ 0 total
→ Ordinary Shares (1,434 underlying)
Award
Performance Stock Units
2025-03-30+5,430→ 5,430 total
→ Ordinary Shares (5,430 underlying)
Award
Performance Stock Units
2025-03-30+5,430→ 5,430 total
→ Ordinary Shares (5,430 underlying)
Award
Performance Stock Units
2025-03-30+10,861→ 10,861 total
→ Ordinary Shares (10,861 underlying)
Tax Payment
Ordinary Shares
2025-03-30$39.13/sh−3,516$137,581→ 26,680 total
Exercise/Conversion
Restricted Stock Units
2025-03-30−914→ 914 total
→ Ordinary Shares (914 underlying)
Award
Stock Appreciation Rights
2025-03-30+23,777→ 23,777 total
Exercise: $39.13Exp: 2035-03-30→ Ordinary Shares (23,777 underlying)

Footnotes (18)

[F1]Reporting person had vested restricted stock units (RSUs) and vested performance stock units (PSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value.
[F10]On March 30, 2022, reporting person was granted PSUs to vest or lapse on March 30, 2025 based on the Company's cumulative free cash flow (FCF) for performance period 2022-2024 compared to a target determined by the 2015 Plan Administrator. The Company has determined that 88.1% of the underlying PSUs shall vest on March 30, 2025, subject to continued service during the vesting period and the award agreement. The performance achieved was 88.1%, and the actual number of vested shares is presented as the quantity that was acquired.
[F11]On March 30, 2022, reporting person was granted PSUs to vest or lapse on March 30, 2025 based on the Company's Return on Investment Capital (ROIC) for performance period 2022-2024 compared to a target determined by the 2015 Plan Administrator. The performance achieved was 78.5%, and the actual number of vested shares is presented as the quantity that was acquired.
[F12]On March 30, 2022, reporting person was granted PSUs to vest or lapse on March 30, 2025 based on the Company's total shareholder return (TSR) for the three-year period beginning on January 1, 2022 and ending December 31, 2024 relative to the total shareholder return of a peer group of companies, as determined by the 2015 Plan Administrator. The Company's performance achieved a result of 58%, and the actual number of vested shares is presented as the quantity that was acquired.
[F13]On March 30, 2025, reporting person was granted RSUs subject to a three-year vesting in equal annual installments, the first vesting occurring on March 30, 2026. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.
[F14]Each PSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the 2022 Plan and the award agreement.
[F15]On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on how the Company's FCF for performance period 2025-2027 compares to a target determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
[F16]On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on how the Company's ROIC calculated for the performance period 2025-2027 compares to a target determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
[F17]On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on the Company's TSR for the three-year period beginning on January 1, 2025 and ending December 31, 2027 relative to the TSR of an index of companies, as determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
[F18]On March 30, 2025, reporting person was granted stock appreciation rights (SARs) subject to a four-year vesting in equal annual installments, the first vesting occurring on March 30, 2026. The SARs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.
[F2]Shares withheld to satisfy tax liability.
[F3]Each RSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the Company's 2015 Incentive Award Plan (the 2015 Plan) and the award agreement.
[F4]On March 30, 2021, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred on March 30, 2022. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2015 Plan and the award agreement.
[F5]On March 30, 2022, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred on March 30, 2023. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2015 Plan and the award agreement.
[F6]Each RSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the Company's 2022 Incentive Award Plan (the 2022 Plan) and the award agreement.
[F7]On March 30, 2023, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred on March 30, 2024. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.
[F8]On March 30, 2024, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred on March 30, 2025. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.
[F9]Each PSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the 2015 Plan and the award agreement.

Documents

1 file

4
wk-form4_1743555640.xmlPrimary
FORM 4

Issuer

LivaNova PLC

CIK 0001639691

→

Entity typeother

Related Parties

filerCIK 0001830830

Filing Metadata

Form type: 4
Filed: Mar 31, 8:00 PM ET
Accepted: Apr 1, 9:00 PM ET
Size: 36.2 KB

View on SEC.gov