Singh Ritadhwaja Jebens 4
Research Summary
AI-generated summary
Life Time (LTH) EVP Ritadhwaja Jebens Receives Awards; Sells 12,663 Shares
What Happened
- Ritadhwaja Jebens, EVP & Chief Digital Officer of Life Time Group Holdings (LTH), was granted multiple performance stock unit (PSU) awards totaling 80,790 shares (acquired at $0.00) and had 12,663 shares disposed at $26.47/share (total value $335,190) to satisfy tax obligations.
- The grants are PSUs: contingent rights to receive common stock subject to performance and time-based vesting. The 12,663-share disposition was a tax-withholding/payment (filing code F), not an open-market sale.
Key Details
- Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (filed within two business days).
- Awards granted (all reported as acquisition at $0.00): 5,229; 31,766; 26,147; and 17,648 shares — total 80,790 PSUs.
- Shares surrendered for tax withholding: 12,663 shares at $26.47 each = $335,190.
- Shares owned after the transactions: Not specified in the filing.
- Notable footnotes: Footnotes indicate the PSUs were for the fiscal 2025 performance period; performance conditions were met. Vesting for portions of the awards is still subject to additional performance determinations and time-based vesting (ties to fiscal 2026 and fiscal 2027 results/vesting windows).
Context
- PSUs represent contingent awards, not cash purchases; the reported "disposition" was to cover taxes (routine withholding), which is common when equity awards vest.
- These filings show receipt of equity compensation rather than an investment purchase or a voluntary market sale; they provide information on executive compensation but do not necessarily signal a change in insider market sentiment.