Tezel Ahmet 4
4 · LivaNova PLC · Filed Apr 1, 2025
Insider Transaction Report
Form 4
LivaNova PLCLIVN
Tezel Ahmet
Chief Innovation Officer
Transactions
- Award
Restricted Stock Units
2025-03-30+10,222→ 10,222 total→ Ordinary Shares (10,222 underlying) - Award
Performance Stock Units
2025-03-30+10,222→ 10,222 total→ Ordinary Shares (10,222 underlying) - Award
Performance Stock Units
2025-03-30+5,111→ 5,111 total→ Ordinary Shares (5,111 underlying) - Award
Performance Stock Units
2025-03-30+5,111→ 5,111 total→ Ordinary Shares (5,111 underlying) - Award
Stock Appreciation Rights
2025-03-30+22,378→ 22,378 totalExercise: $39.13Exp: 2035-03-30→ Ordinary Shares (22,378 underlying)
Footnotes (7)
- [F1]Each restricted stock unit (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 Plan) and the award agreement.
- [F2]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 Plan and the award agreement.
- [F3]Each performance stock unit (PSU) represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the Plan and the award agreement.
- [F4]On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on how the Company's free cash flow (FCF) for performance period 2025-2027 compares to a target determined by the 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.
- [F5]On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on how the Company's Return on Investment Capital (ROIC) calculated for the performance period 2025-2027 compares to a target determined by the 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.
- [F6]On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on the Company's total shareholder return (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 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.
- [F7]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 Plan and the award agreement.