SCHERMERHORN TODD C 4

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.