Form 4: Life Time Group Holdings Director Almendares Receives Stock Award

Director Jimena Almendares of Life Time Group Holdings, Inc. received 10,954 shares of common stock on April 26, 2024, as part of a restricted stock unit (RSU) award.

Summary

• Jimena Almendares, a director at Life Time Group Holdings, Inc., received an award of 10,954 restricted stock units (RSUs) on April 26, 2024.
• Each RSU represents the right to receive one share of Life Time Group Holdings' common stock.
• The RSUs will vest on the earlier of the day before the next annual stockholders meeting or the first anniversary of the grant date, contingent upon continued service.
• Following the transaction, Almendares directly owns 65,589 shares of Life Time Group Holdings common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the director's continued service and contribution to the company.

Positives

• The RSU award aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The vesting of the RSUs is contingent upon continued service, suggesting an expectation of Almendares' ongoing involvement with Life Time Group Holdings.

Industry Context

Stock awards are a common form of executive compensation in publicly traded companies, used to align management's interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• Shareholders may view the RSU award positively, as it aligns the director's interests with the company's long-term success.

Key Dates