Kozmina Natalia 4

What Happened

• Natalia Kozmina, Chief Human Resources Officer of LivaNova PLC, had restricted stock units (RSUs) vest and convert into 6,389 ordinary shares on March 30, 2026. To cover tax withholding, 1,374 of those shares were withheld/sold at $61.27 each, raising $84,185. The filing also records conversion/cancellation line-items for 4,259 and 2,130 derivative units (consistent with the vest/settlement mechanics).
• On the same date (March 30, 2026) Kozmina received new equity awards: 9,792 RSUs (three‑year service-based vesting beginning March 30, 2027) and three performance stock unit (PSU) grants of 3,264 shares each (target amounts). The PSUs vest March 30, 2029 based on revenue growth, relative total shareholder return (rTSR), and adjusted EPS performance for 2026–2028.

Key Details

• Transaction date: March 30, 2026; Form 4 filed April 1, 2026 (timely filing).
• Vested/converted: 6,389 shares acquired at $0 (RSU settlement).
• Tax withholding: 1,374 shares withheld/sold at $61.27 each = $84,185.
• New grants: 9,792 RSUs (service‑based); three PSU awards of 3,264 target PSUs each (performance‑based, vesting 2029).
• Notable footnotes: shares withheld to satisfy tax liability; PSUs are performance-contingent and reflect target amounts; RSUs/PSUs are subject to forfeiture if vesting/service conditions are not met.
• Shares owned after transaction: not disclosed in the provided excerpt.

Context

• This is primarily a settlement of vested RSUs and the routine withholding of shares to cover taxes (F code for tax withholding). Such share withholding is common and is a settlement mechanism rather than an open‑market sale driven by personal liquidity needs.
• New RSU awards are service-based and PSUs are performance-based (revenue, rTSR, EPS), so future share issuance depends on continued service and performance outcomes.
• No purchase (P) present — this is not a direct market buy. The filing does not indicate a 10% owner or a 10b5-1 plan.