Tezel Ahmet 4

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.