Shvartsburg Alex 4

What Happened

• Alex Shvartsburg, Chief Financial Officer of LivaNova PLC (LIVN), had performance- and time-based awards convert into ordinary shares on March 30, 2026. A total of 30,835 shares were acquired through conversion/settlement of vested RSUs/PSUs. To satisfy tax withholding obligations, 12,868 of those shares were withheld/disposed at $61.27 per share, generating a tax withholding amount of $788,422.
• On the same date he received new long-term awards: 16,321 RSUs (three‑year vesting) and three PSU grants of 5,440 shares each (targets for revenue growth, relative TSR and adjusted EPS for 2026–2028), for a total of 32,641 target award shares granted (subject to future vesting and plan terms).

Key Details

• Transaction date: March 30, 2026 (Form 4 filed April 1, 2026 — appears to be filed within the usual two‑business‑day window).
• Tax withholding: 12,868 shares withheld/disposed at $61.27 per share = $788,422 (coded F: payment of tax liability / shares withheld).
• Vested performance results that produced the settled shares: prior PSU awards from 2023 vested above target (examples in filing: FCF 122.0% (F9); ROIC 118.71% (F10); rTSR 113.89% (F11)).
• Grants: 16,321 RSUs (three‑year vesting) plus three PSU awards of 5,440 each (targets set for 2026–2028 performance periods) — these are contingent and subject to continued service and performance per plan (F12–F15).
• Shares owned after the transaction: not specified in the supplied filing excerpts.
• Codes explained: M = exercise/conversion of derivative (vesting/settlement); F = payment of exercise price or tax withholding; A = award/grant.

Context

• This filing reflects routine vesting/settlement of incentive awards (some earned at above‑target performance) and a share‑withholding to cover tax obligations — not an open‑market sale for cash or directional trading by the insider. The withheld shares are a common, administrative step following vesting and do not necessarily signal a change in insider conviction.