Story Brooke 4

What Happened

• Story Brooke, a director of LivaNova PLC (LIVN), had 4,042 restricted stock units (RSUs) convert into ordinary shares on June 15, 2026. The RSU conversion had an exercise/conversion price of $0.00. To satisfy tax withholding, 486 of those shares were withheld (disposed) at an implied value of $79.70 per share, totaling $38,734. The filing also reports a new grant of 2,383 RSUs (derivative award) on the same date that vest in the future.

Key Details

• Transaction date: June 15, 2026.
• Conversions/settlement: 4,042 RSUs converted to shares (code M), $0 exercise price.
• Tax withholding: 486 shares withheld (code F) at $79.70 each = $38,734.
• New award: 2,383 RSUs granted (code A); per the filing these RSUs vest on June 15, 2027 subject to continued service.
• Net immediate shares delivered to Brooke: 4,042 − 486 = 3,556 shares (per settlement).
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: vested RSUs were settled into ordinary shares; withholding used to cover tax liability. No 10b5-1 plan or late filing noted — the Form 4 was filed on June 17, 2026 for transactions on June 15, 2026 (timely within the usual 2‑business‑day requirement).

Context

• This was not an open‑market purchase or sale motivated by liquidity; it was the routine vesting/settlement of RSUs. The withholding of shares to cover taxes is common and functions like a cashless settlement — it reduces the net shares delivered to the insider but does not indicate a market view. The separate grant of 2,383 RSUs is a forward‑looking equity award that vests in 2027 and does not represent immediate share ownership.