Bolton Stephanie 4

What Happened

• Stephanie Bolton, President, Global Epilepsy at LivaNova PLC, had prior RSUs/PSUs vest/convert into company ordinary shares on March 30, 2026. The filing shows 17,815 shares resulting from conversion/exercise of derivative awards. To cover tax obligations, 8,377 shares were withheld at $61.27 per share, equal to approximately $513,259. The filing also records several disposals (reported in tranches) that correspond to the conversion/settlement process.
• On the same date Bolton received new equity awards (RSUs/PSUs) granted under the company’s incentive plans: four grants totaling 17,952 units (8,976 + 2,992 + 2,992 + 2,992). These new awards are subject to standard vesting conditions and future performance metrics where noted.

Key Details

• Transaction date: March 30, 2026; Form 4 filed April 1, 2026 (timely).
• Vested/converted: 17,815 shares (derivative exercise/conversion, code M).
• Shares withheld for tax (code F): 8,377 shares @ $61.27 = $513,259.
• New grants (code A): 17,952 RSU/PSU units granted on March 30, 2026 (subject to vesting and performance).
• Notable footnotes: performance PSUs from 3/30/2023 vested at above-target levels — examples: 118.71% (ROIC), 113.89% (rTSR) and 122.0% (cumulative FCF) where applicable — these adjustments determined the final vested share counts. Several RSU/PSU grants are subject to multi-year vesting schedules (see filing footnotes).
• Shares owned after transaction: not specified in the provided summary.
• Filing timeliness: appears timely (filed within two business days of the March 30 transaction).

Context

• These transactions are primarily compensation-related: conversion/settlement of vested RSUs/PSUs and new awards granted, not an open-market buy or sell driven by an insider decision about the stock price. The withholding of shares to satisfy taxes (code F) is a common administrative step when awards vest.
• Transaction codes: M = exercise/conversion of derivative awards; F = payment/tax withholding; A = grant/award. These indicate award settlement and standard tax withholding rather than a discretionary market sale.