Form 4: Life Time Group Holdings Executive Reports Stock Transactions
SEC Form 4 Filing
Parham Javaheri, EVP & President of Club Operations at Life Time Group Holdings, reports acquisition and disposal of common stock and performance stock units.
Summary
- On February 28, 2025, Parham Javaheri, EVP & President Club Operations of Life Time Group Holdings, reported transactions involving the company's common stock.
- Javaheri acquired 79,970 shares of common stock and 33,885 performance stock units, each representing a contingent right to receive one share of common stock.
- Javaheri also disposed of 45,002 shares of common stock at a price of $30.46.
- Following these transactions, Javaheri beneficially owns 345,672 shares of common stock.
- The performance stock units vest the later of determination of the Issuer's performance for fiscal 2026 for the remaining performance stock units and the first full trading date following the release of the Issuer's financial results for fiscal 2026.
- The shares are subject to a 60-day lock-up agreement effective as of February 27, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The performance stock units vest the later of determination of the Issuer's performance for fiscal 2026 for the remaining performance stock units and the first full trading date following the release of the Issuer's financial results for fiscal 2026.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Effective date of the 60-day lock-up agreement. |
| 02/28/2025 | Date of stock and performance stock unit transactions. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.