Form 4: Labcorp Executive Peter Wilkinson Reports Stock Transactions
SEC Form 4 Filing
Peter Wilkinson, SVP and Chief Accounting Officer of Laboratory Corporation of America Holdings (Labcorp), reports the vesting and subsequent transaction of Restricted Stock Units (RSUs).
Summary
- On March 27, 2024, Peter Wilkinson, SVP, Chief Accounting Officer of Laboratory Corporation of America Holdings (Labcorp), had 3,079 Restricted Stock Units (RSUs) vest.
- These RSUs were converted from performance awards granted in 2021 and fully vested on March 27, 2024, following the spin-off of Fortrea Holdings Inc.
- Wilkinson also disposed of 894 shares to satisfy tax withholding obligations at a price of $216.57 per share.
- Following these transactions, Wilkinson beneficially owns 4,526.2194 shares of Labcorp common stock and 791 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is standard practice for officers of publicly traded companies to report transactions in their company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of RSU vesting and stock transactions |
| 03/29/2024 | Date of signature on the Form 4 filing |
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