Form 4: LivaNova Director William Kozy Trades Shares
Statement of Changes in Beneficial Ownership
LivaNova PLC director William A. Kozy reported transactions involving ordinary shares and restricted stock units on June 15, 2026.
Summary
- William A. Kozy, a Director at LivaNova PLC, engaged in several transactions on June 15, 2026.
- These transactions involved the settlement of vested restricted stock units (RSUs) into ordinary shares.
- A total of 5,681 ordinary shares were acquired upon settlement of RSUs, with no cost basis indicated for this acquisition.
- Additionally, 682 shares were disposed of to satisfy tax liabilities, with a reported value of $79.7 per share.
- Following these transactions, Mr. Kozy beneficially owns 37,566 ordinary shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine share settlements and tax-related share disposals by a director, without indicating significant new investment or divestment strategies.
Positives
- Director William A. Kozy acquired 5,681 ordinary shares through the settlement of vested restricted stock units, indicating a form of compensation or incentive realization.
- The company has a Director Incentive Award Plan (2025 Plan) in place, suggesting a structured approach to executive compensation.
Negatives
- 682 shares were disposed of to cover tax liabilities, representing a reduction in direct shareholding for tax purposes.
Risks
- The disposal of shares to cover tax liabilities, while standard, reduces the direct ownership of the director.
- Future vesting of RSUs is subject to continued service, implying a risk of forfeiture if service is not maintained.
Future Outlook
The filing indicates that additional restricted stock units granted under the 2025 Plan are scheduled 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 activities of company directors and officers. This filing details routine share-based compensation settlement and tax-related disposals.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Incentive Award Plan | The filing references the LivaNova PLC 2025 Director Incentive Award Plan and associated award agreements, which govern the terms of restricted stock unit grants. | Not specified, but the plan is active as of the reporting dates. | Establishes a framework for director compensation through equity awards, aligning director interests with shareholder value. |
Stakeholder Impact
- Shareholders: The transactions reflect standard compensation practices and tax management by a director, with no immediate indication of significant shifts in beneficial ownership beyond these routine events.
Next Steps
- Continued service by William A. Kozy to meet vesting conditions for RSUs scheduled to vest on June 15, 2027.
Key Dates
| Date | Description |
|---|---|
| 06/15/2025 | Grant date for RSUs that vested on June 15, 2026. |
| 06/15/2026 | Date of earliest transaction reported; settlement of vested RSUs and disposal of shares for tax liabilities. |
| 06/15/2026 | Vesting date for RSUs granted on June 15, 2025. |
| 06/15/2027 | Vesting date for RSUs granted under the 2025 Plan, subject to continued service. |
| 06/17/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
LivaNova PLC, William A. Kozy, Form 4, SEC Filing, Insider Trading, Restricted Stock Units, Ordinary Shares, Director Compensation, Beneficial Ownership
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.