Form 4: Labcorp Executive Brian J. Caveney Reports Stock Transactions
SEC Form 4
Brian J. Caveney, EVP, President of ED, CMO & CSO at Laboratory Corporation of America Holdings (Labcorp), reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 27, 2024, Brian J. Caveney vested 11,556 restricted stock units (RSUs) of Laboratory Corporation of America Holdings (Labcorp) Common Stock.
- Simultaneously, 5,061 shares were withheld to cover tax obligations at a price of $216.57 per share.
- Following these transactions, Caveney directly owns 27,881.0428 shares of Labcorp Common Stock and 3,740 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is standard practice for executives to receive and vest stock-based compensation, and for a portion of shares to be withheld to cover tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Vesting of 11,556 Restricted Stock Units and stock withholding for tax obligations. |
| 03/29/2024 | Date of signature for the Form 4 filing. |
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