SCHERMERHORN TODD C 4
4 · LivaNova PLC · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
LivaNova (LIVN) Director Todd Schermerhorn Receives RSUs
What Happened
Todd C. Schermerhorn, a director of LivaNova PLC, had 4,042 restricted stock units (RSUs) vest and convert into ordinary shares on June 15, 2026. To cover tax withholding, 486 of those shares were retained (disposed) at an implied withholding price of $79.70/share (≈ $38,734). In addition, he was granted 2,383 RSUs under the 2025 Director Incentive Award Plan that vest in the future.
Key Details
- Transaction date: June 15, 2026; Form filed June 17, 2026 (timely filing).
- Vesting/settlement: 4,042 RSUs converted to ordinary shares (reported as derivative conversion at $0.00).
- Tax withholding: 486 shares withheld/disposed at $79.70 each, total ≈ $38,734.
- New award: 2,383 RSUs granted (subject to vesting; footnote indicates vesting on June 15, 2027, subject to continued service).
- Footnotes: RSUs represent a contingent right to one ordinary share; vested RSUs were settled into shares; shares were withheld to satisfy tax liability.
- Shares owned after the transaction: not specified in this filing.
Context
This was an RSU settlement and subsequent tax-withholding (routine, not an open-market sale). The conversion entries reflect RSUs becoming ordinary shares (no exercise price). The 2,383 RSUs are a time‑based award that vest later (June 15, 2027) and do not represent an immediate purchase.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1][F2]2026-06-15+4,042→ 13,105 total - Tax Payment
Ordinary Shares
[F3]2026-06-15$79.70/sh−486$38,734→ 12,619 total - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-06-15−4,042→ 0 total→ Ordinary Shares (4,042 underlying) - Award
Restricted Stock Units
[F2][F5]2026-06-15+2,383→ 2,383 total→ Ordinary Shares (2,383 underlying)
Footnotes (5)
- [F1]Reporting person had vested restricted stock units (RSUs) settled in ordinary shares of LivaNova PLC (the Company), 1.00 GBP par value.
- [F2]Each RSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the Company's 2025 Director Incentive Award Plan (the 2025 Plan) and the 2025 Plan award agreement.
- [F3]Shares withheld to satisfy tax liability.
- [F4]RSUs granted under the 2025 Plan on June 15, 2025 that vested on June 15, 2026.
- [F5]The RSUs, granted under the 2025 Plan, vest on June 15, 2027, subject to continued service during the vesting period and the terms of the 2025 Plan award agreement.