Form 4: Labcorp Executive Reports Stock Transactions
SEC Filing
Lance Berberian, EVP at Labcorp, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- Lance Berberian, an Executive Vice President at Labcorp Holdings Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 6, 2025, 356 restricted stock units vested, and 94 shares were withheld to cover tax obligations at a price of $247.74.
- Following these transactions, Berberian directly owns 16,183 shares of Labcorp common stock and 1,744 restricted stock units.
- On February 7, 2025, 354 restricted stock units vested, and 94 shares were withheld to cover tax obligations at a price of $246.27.
- Following these transactions, Berberian directly owns 16,443 shares of Labcorp common stock and 1,390 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine stock transactions by an executive, with no indication of unusual or concerning activity. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates routine vesting and tax withholding, which is a common practice.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 02/07/2024 | Beginning date of three-year vesting schedule for some Restricted Stock Units. |
| 02/06/2025 | Vesting of 356 Restricted Stock Units and tax withholding. |
| 02/06/2025 | Beginning date of three-year vesting schedule for some Restricted Stock Units. |
| 02/07/2025 | Vesting of 354 Restricted Stock Units and tax withholding. |
| 02/10/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Labcorp, Berberian, Stock Transactions
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