Form 4: LivaNova PLC: CEO William Kozy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William Kozy, Chairman and CEO of LivaNova PLC, reports the acquisition and disposal of ordinary shares related to vested restricted stock units (RSUs) to satisfy tax obligations.
Summary
- On February 29, 2024, William Kozy, Chairman and CEO of LivaNova PLC, reported transactions involving the company's ordinary shares.
- Kozy acquired 14,512 ordinary shares through the settlement of vested restricted stock units (RSUs) at a price of $0.
- Simultaneously, he disposed of 4,871 ordinary shares at $54.81 to cover tax liabilities.
- Following these transactions, Kozy directly owns 27,462 ordinary shares.
- The RSUs were granted on December 15, 2023, and vest upon the earlier of a successor CEO's employment or April 13, 2024, contingent on continued employment.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The vesting of the RSUs is contingent upon the earlier of the commencement of employment of a successor Chief Executive Officer and April 13, 2024, subject to Mr. Kozy's continued employment through such vesting date.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/15/2023 | Date RSUs were granted to William Kozy. |
| 02/29/2024 | Date of the reported transactions involving ordinary shares and RSUs. |
| 03/04/2024 | Date of the signature on the Form 4 filing. |
| 04/13/2024 | Date of RSU vesting if no successor CEO is employed before this date. |
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