Form 4: Life Time Group Holdings SVP Erik Weaver Reports Stock Transactions

Erik Weaver, SVP, Interim CFO & Controller of Life Time Group Holdings, reports acquisition and disposal of company stock, including sales to cover tax obligations.

Summary

• Erik Weaver, SVP, Interim CFO & Controller of Life Time Group Holdings, reported transactions involving the company's common stock.
• On February 27, 2024, Weaver acquired 15,000 shares of restricted stock units (RSUs) at $0, which vest in three equal annual installments starting February 1, 2025, bringing his total holdings to 92,236 shares.
• On February 28, 2024, he sold 5,269 shares at $12.77 per share to cover tax withholding obligations, reducing his holdings to 86,967 shares.
• On February 29, 2024, Weaver sold 20,579 shares at a weighted average price of $14.0103, with prices ranging from $14.00 to $14.08, further reducing his holdings to 66,388 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions without expressing any positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as insider selling can sometimes be perceived negatively, although sales to cover tax obligations are common and generally not indicative of a negative outlook.

Key Dates