Form 4: Labcorp CMO Summy Reports RSU Vesting, Stock Transactions
Insider Transaction Report
Labcorp Holdings Inc.'s EVP, Chief Marketing Officer, Amy B. Summy, reported the vesting and conversion of restricted stock units and subsequent tax-related stock dispositions.
Summary
- Amy B. Summy, EVP, Chief Marketing Officer of Labcorp Holdings Inc. (LH), reported multiple transactions involving common stock and restricted stock units (RSUs).
- On February 6, 2026, 223 restricted stock units vested and were converted into common stock. These RSUs were part of a grant vesting in three equal annual installments starting February 6, 2025.
- Concurrently on February 6, 2026, 92 shares of common stock were disposed of at a price of $277.20 per share to satisfy tax withholding obligations.
- On February 7, 2026, an additional 222 restricted stock units vested and were converted into common stock. These RSUs vested in three equal annual installments beginning February 7, 2024, and are now fully vested.
- On February 9, 2026, 80 shares of common stock were disposed of at a price of $274.01 per share to satisfy tax withholding obligations.
- Following these transactions, Amy B. Summy beneficially owns 5,574.5 shares of Labcorp Holdings Inc. common stock directly.
- The aggregate number of unvested restricted stock units held by the reporting person after these transactions is 914.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive event for the executive, reflecting the successful vesting of equity compensation. The associated tax-related dispositions are a neutral, expected part of such transactions.
Positives
- Amy B. Summy acquired 223 shares of common stock on February 6, 2026, and 222 shares on February 7, 2026, through the vesting and conversion of restricted stock units, increasing her direct ownership in the company.
- The vesting of 222 restricted stock units on February 7, 2026, signifies that this particular grant is now fully vested, indicating successful long-term incentive realization.
Negatives
- 92 shares of common stock were disposed of on February 6, 2026, at $277.20 per share, and 80 shares on February 9, 2026, at $274.01 per share, to cover tax withholding obligations, reducing the direct share count.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that these transactions are routine insider filings reflecting executive compensation through restricted stock unit vesting and subsequent tax-related dispositions, which are common practices across various industries for long-term incentive plans.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Amy B. Summy granted a Power of Attorney to Kathryn W. Kyle to execute and file Forms 3, 4, and 5 on her behalf in accordance with Section 16(a) of the Securities Exchange Act of 1934. | 2026-01-20 | This is a standard corporate governance practice to streamline compliance with SEC reporting requirements for insider transactions, ensuring timely and accurate filings. |
Stakeholder Impact
- Shareholders: The transactions represent a minor increase in the outstanding shares (net of tax withholding) and reflect the ongoing compensation structure for executives. The overall impact on share price is likely minimal given the routine nature and relatively small volume.
- Employees: These transactions demonstrate the company's executive compensation practices, which may influence broader employee incentive structures.
Next Steps
- Continued vesting of remaining restricted stock units held by Amy B. Summy, as per the original grant schedules.
Key Dates
| Date | Description |
|---|---|
| 2026-01-20 | Effective date of the Power of Attorney granted to Kathryn W. Kyle for Section 16 filings. |
| 2024-02-07 | Start date for the three equal annual installments of RSU vesting, which are now fully vested. |
| 2025-02-06 | Start date for the three equal annual installments of RSU vesting for a separate grant. |
| 2026-02-06 | Date of RSU vesting and common stock acquisition (223 shares) and subsequent tax withholding (92 shares). |
| 2026-02-07 | Date of RSU vesting and common stock acquisition (222 shares). |
| 2026-02-09 | Date of common stock disposition for tax withholding (80 shares). |
| 2026-02-10 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Labcorp Holdings Inc., LH, Amy B. Summy, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Stock Acquisition, Tax Withholding, Executive Compensation, Officer Transaction
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