Form 4: LivaNova CFO Alex Shvartsburg Acquires Shares Through RSU Vesting

LivaNova's Chief Financial Officer, Alex Shvartsburg, acquired 613 ordinary shares through the vesting of restricted stock units and disposed of 229 shares to cover tax obligations.

Summary

• Alex Shvartsburg, the Chief Financial Officer of LivaNova PLC, acquired 613 ordinary shares on December 15, 2024, through the vesting of restricted stock units (RSUs).
• These RSUs were part of a grant from December 15, 2020, which vested over four years, with the final vesting occurring on December 15, 2024.
• Additionally, 229 shares were disposed of on the same day to satisfy tax liabilities related to the vesting event.
• The price of the shares disposed of for tax purposes was $51.50 per share.
• Following these transactions, Shvartsburg directly owns 19,113 ordinary shares of LivaNova PLC.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The vesting of RSUs is a positive sign of performance or time-based criteria being met. The tax withholding is a standard practice.

Positives

• The vesting of RSUs indicates that the CFO has met the performance or time-based criteria associated with the grant.
• The increase in share ownership aligns the CFO's interests with those of the shareholders.

Negatives

• The disposal of 229 shares to cover tax obligations, while standard, slightly reduces the overall increase in the CFO's shareholding.

Risks

• There are no specific risks mentioned in this document.
• The document is a standard SEC Form 4 filing and does not indicate any unusual activity.

Industry Context

This is a routine transaction for a company with equity-based compensation plans. It is common for executives to receive shares through vesting and to have some shares withheld to cover taxes.

Comparison to Industry Standards

• Equity compensation, including RSUs, is a standard practice among publicly traded companies like LivaNova, including competitors such as Medtronic, Boston Scientific, and Abbott.
• The four-year vesting schedule is also a common practice to incentivize long-term performance and retention.
• The tax withholding process is standard and consistent with practices at other companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CFO's interests with theirs through increased share ownership.
• The transaction has no material impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

LivaNova, Alex Shvartsburg, RSU, Restricted Stock Units, Share Acquisition, SEC Form 4, CFO, Share Disposal, Tax Withholding, Vesting