Tezel Ahmet 4
4 · LivaNova PLC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
LivaNova (LIVN) CIO Tezel Ahmet Receives RSUs/PSUs; Shares Withheld
What Happened
- Tezel Ahmet, Chief Innovation Officer of LivaNova PLC, had vested restricted stock units (RSUs) settle and received new equity awards on March 30, 2026. A vested tranche of 3,408 RSUs was settled into ordinary shares. To satisfy tax withholding, 1,186 shares were withheld/disposed at $61.27 per share, totaling $72,666.
- On the same date, Ahmet was granted new equity awards: 13,873 RSUs (three-year vesting, annual installments beginning 2027) and three performance stock unit (PSU) awards of 4,624 shares each (target amounts) tied to revenue growth, relative TSR, and adjusted EPS performance for 2026–2028 (vesting/measurement ending March 30, 2029). These grants are contingent on continued service and applicable performance conditions.
Key Details
- Transaction date: March 30, 2026. Tax withholding sale: 1,186 shares @ $61.27 = $72,666. Vested/settled RSUs: 3,408 shares (settlement reported $0 per share as is standard for RSU/derivative reporting). Grants: 13,873 RSUs and 3 PSU awards of 4,624 shares each (total target awards 27,745 shares), reported as $0 price (award/derivative grants).
- Footnotes: F1–F3 confirm vested RSUs settled into ordinary shares and that shares were withheld for tax (F2). F4–F5 describe RSU vesting schedules; F6–F9 describe PSU mechanics and performance measures (revenue growth, rTSR, adjusted EPS).
- Shares owned after the transactions: not specified in the excerpt provided (not stated in the supplied data).
- Filing timeliness: no late filing is indicated in the provided information.
Context
- This was largely award settlement and new long-term compensation grants, not an open-market buy or discretionary sale. The 1,186-share disposition was a routine tax-withholding event (common when RSUs vest), not an active sell-for-investment decision.
- The new PSUs are performance-contingent (target amounts reported); actual payout will depend on future performance and continued service through the vesting period.
Insider Transaction Report
Form 4
LivaNova PLCLIVN
Tezel Ahmet
Chief Innovation Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-30+3,408→ 5,343 total - Tax Payment
Ordinary Shares
[F2]2026-03-30$61.27/sh−1,186$72,666→ 4,157 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-30−3,408→ 6,814 total→ Ordinary Shares (3,408 underlying) - Award
Restricted Stock Units
[F3][F5]2026-03-30+13,873→ 13,873 total→ Ordinary Shares (13,873 underlying) - Award
Performance Stock Units
[F6][F7]2026-03-30+4,624→ 4,624 total→ Ordinary Shares (4,624 underlying) - Award
Performance Stock Units
[F6][F8]2026-03-30+4,624→ 4,624 total→ Ordinary Shares (4,624 underlying) - Award
Performance Stock Units
[F6][F9]2026-03-30+4,624→ 4,624 total→ Ordinary Shares (4,624 underlying)
Footnotes (9)
- [F1]Reporting person had vested restricted stock units (RSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value.
- [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 applicable Company incentive award plan identified in the footnote for such grant and the award agreement.
- [F4]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 First Amended and Restated LivaNova PLC 2022 Incentive Award Plan (the First A&R 2022 Plan) and the award agreement.
- [F5]On March 30, 2026, reporting person was granted RSUs subject to a three-year vesting in equal annual installments, the first vesting occurring on March 30, 2027. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Second Amended and Restated LivaNova PLC 2022 Incentive Award Plan (the Second A&R 2022 Plan) and the award agreement.
- [F6]Each performance stock unit (PSU) represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the applicable Company incentive award plan identified in the footnote for such grant and the award agreement.
- [F7]On March 30, 2026, reporting person was granted PSUs to vest or lapse on March 30, 2029 based on how the Company's revenue growth for the performance period 2026-2028 compares to a target determined by the Second A&R 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.
- [F8]On March 30, 2026, reporting person was granted PSUs to vest or lapse on March 30, 2029 based on the Company's relative total shareholder return (rTSR) for the three-year period beginning on January 1, 2026 and ending December 31, 2028 relative to the total shareholder return of an index of companies, as determined by the Second A&R 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.
- [F9]On March 30, 2026, reporting person was granted PSUs to vest or lapse on March 30, 2029 based on how the Company's adjusted earnings per share (EPS) for the performance period 2026-2028 compares to a target determined by the Second A&R 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.
Signature
/s/ Sarah K. Mohr, Attorney-in-Fact|2026-04-01