Form 4: Life Time Group Holdings CFO Sells Shares to Cover Tax Obligations

Erik Weaver, EVP & CFO of Life Time Group Holdings, sold 1,741 shares of common stock on February 4, 2025, to cover tax withholding obligations.

Summary

• On February 4, 2025, Erik Weaver, the EVP & Chief Financial Officer of Life Time Group Holdings, sold 1,741 shares of the company's common stock.
• The sale was executed at a price of $29.62 per share.
• This transaction was mandated by the issuer's award agreement to satisfy tax withholding obligations through a sell-to-cover transaction.
• Following the transaction, Weaver directly owns 96,361 shares of Life Time Group Holdings.
• The transaction was reported on February 6, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and does not reflect a change in the company's fundamentals or management's outlook.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when equity is involved. This transaction is not indicative of a change in the company's outlook or the executive's confidence in the company.

Key Dates

Keywords

Form 4, Life Time Group Holdings, LTH, Erik Weaver, CFO, Stock Sale, Sell-to-Cover, Tax Withholding