Form 4: LivaNova Director Susan Podlogar Trades Shares
Statement of Changes in Beneficial Ownership
LivaNova PLC Director Susan M. Podlogar reported transactions involving ordinary shares and restricted stock units on June 15, 2026.
Summary
- Director Susan M. Podlogar of LivaNova PLC engaged in several transactions on June 15, 2026.
- 4,042 ordinary shares were acquired upon the settlement of vested restricted stock units (RSUs) with a reported value of $0.
- 486 ordinary shares were disposed of, with the transaction code 'F', at a price of $79.7 per share, likely for tax withholding.
- Following these transactions, 5,642 ordinary shares are beneficially owned directly.
- Additionally, 2,383 restricted stock units were acquired, which are scheduled to vest on June 15, 2027, subject to continued service.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it primarily details routine compensation-related transactions by a director rather than significant strategic or financial events.
Positives
- Acquisition of 4,042 ordinary shares through vested RSUs indicates a form of compensation or incentive realization for the director.
- The acquisition of 2,383 RSUs with a future vesting date suggests continued commitment and incentive alignment for the director.
- The transaction price of $0 for the acquired shares from RSUs implies these were part of a compensation package rather than an open market purchase.
Negatives
- Disposal of 486 ordinary shares at $79.7 per share could represent a tax obligation being settled, which reduces the director's direct holdings.
Future Outlook
The filing indicates that 2,383 restricted stock units granted under the 2025 Plan are set to vest on June 15, 2027, contingent upon continued service.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and trading activities of company directors and officers. These filings are crucial for investors seeking to understand insider sentiment and potential shifts in beneficial ownership.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Award Plan | Transactions are made pursuant to the LivaNova PLC 2025 Director Incentive Award Plan. | 06/15/2025 | Indicates a structured approach to director compensation and incentive alignment. |
Stakeholder Impact
- Shareholders: Increased transparency into director's equity holdings and compensation realization.
- Employees: Indirectly reflects the company's compensation structure for its board members.
- Management: Demonstrates adherence to SEC reporting requirements for insider transactions.
Next Steps
- Monitoring the vesting of the 2,383 RSUs on June 15, 2027.
- Observing any future transactions by Director Susan M. Podlogar.
Key Dates
| Date | Description |
|---|---|
| 06/15/2025 | Grant date for RSUs that vested on June 15, 2026. |
| 06/15/2026 | Date of transactions including settlement of vested RSUs, acquisition of new RSUs, and disposal of shares. |
| 06/15/2027 | Vesting date for the 2,383 RSUs granted on June 15, 2026. |
| 06/17/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
LivaNova PLC, LIVN, Form 4, Insider Trading, Director Transactions, Restricted Stock Units, Ordinary Shares, Beneficial Ownership, SEC Filing
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