Form 4: Life Time Group Holdings EVP Erik Weaver Reports Acquisition and Disposal of Shares

EVP and Chief Financial Officer of Life Time Group Holdings, Erik Weaver, reports acquiring 15,000 shares of restricted stock units and disposing of 80,528 shares of common stock.

Summary

• On August 1, 2024, Erik Weaver, EVP & Chief Financial Officer of Life Time Group Holdings, reported a transaction involving the company's stock.
• Weaver acquired 15,000 shares of restricted stock units (RSUs) at a price of $0.
• Each RSU represents a contingent right to receive one share of Life Time Group Holdings' common stock.
• These RSUs vest in full on August 1, 2027.
• Weaver also disposed of 80,528 shares of common stock.
• Following these transactions, Weaver beneficially owns 80,528 shares of common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a key executive.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates