Zurbay Donald 4

What Happened

• Donald Zurbay, a director of LivaNova PLC, had restricted stock units (RSUs) vest and convert into 2,560 ordinary shares on June 15, 2026. Of those shares, 308 were withheld to satisfy tax withholding obligations, representing $24,548 based on a $79.70 per-share valuation. Separately, Zurbay was granted 2,383 RSUs on the same date (these are derivative awards that vest in the future).

Key Details

• Transaction date: June 15, 2026 (Form 4 filed June 17, 2026); no late filing indicated in the provided data.
• Vesting/settlement: 2,560 RSUs converted to 2,560 ordinary shares (derivative exercise/conversion — code M).
• Tax withholding: 308 shares withheld/disposed to satisfy taxes (code F) for $24,548 (308 × $79.70).
• New award: 2,383 RSUs granted (code A) on June 15, 2026; per footnote, these RSUs vest on June 15, 2027 subject to continued service.
• Shares owned after the transaction: Not specified in the provided filing details.
• Relevant footnotes: RSUs settle 1-for-1 into ordinary shares under the 2025 Director Incentive Award Plan; the vested RSUs were originally granted Sept 15, 2025 and vested June 15, 2026; withholding was to cover tax liability.

Context

• This activity reflects routine RSU vesting and a net settlement for tax withholding (common practice), not an open-market sale or purchase signal. The conversion of RSUs into shares and the withholding of a portion to pay taxes is standard and does not necessarily indicate bullish or bearish insider sentiment. The newly granted RSUs vest next year, contingent on continued service.