Form 4: LivaNova PLC CFO Alex Shvartsburg Reports Stock Transactions

Chief Financial Officer of LivaNova PLC, Alex Shvartsburg, reports the vesting and acquisition of ordinary shares, restricted stock units (RSUs), performance stock units (PSUs), and stock appreciation rights (SARs) on March 30, 2025.

Summary

• On March 30, 2025, Alex Shvartsburg, the CFO of LivaNova PLC, reported transactions involving the company's ordinary shares, RSUs, PSUs, and SARs.
• These transactions include the vesting of RSUs and PSUs, the withholding of shares to cover tax liabilities, and the granting of new RSUs, PSUs, and SARs.
• Specifically, 11,083 ordinary shares were received upon the vesting of RSUs and PSUs, while 3,516 shares were disposed of to cover tax obligations at a price of $39.13 per share.
• Additionally, new grants of 10,861 RSUs, 10,860 PSUs, and 23,777 SARs were awarded, all subject to future vesting schedules.
• The reported transactions reflect changes in the CFO's beneficial ownership of LivaNova PLC securities, as required by Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey strong positive or negative sentiment, but the vesting of performance-based units suggests some level of achievement of company goals.

Positives

• The vesting of RSUs and PSUs indicates that certain performance metrics were met, leading to the release of these shares to the CFO.
• The granting of new RSUs, PSUs, and SARs incentivizes the CFO to continue driving company performance.

Negatives

• The disposal of 3,516 shares to cover tax liabilities, while a normal occurrence, reduces the CFO's direct ownership of LivaNova PLC shares.

Risks

• The value of the RSUs, PSUs, and SARs is contingent on the future performance of LivaNova PLC's stock price.
• Failure to meet future performance targets could result in the forfeiture of unvested RSUs, PSUs, and SARs.

Future Outlook

The document outlines future vesting schedules for RSUs, PSUs, and SARs, contingent on continued service and, in the case of PSUs, the achievement of specific performance targets related to FCF, ROIC, and TSR over defined performance periods.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, such as the CFO, and provides transparency to investors regarding changes in their beneficial ownership of the company's securities. It is a standard practice in publicly traded companies to grant stock-based compensation to executives to align their interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to incentivize executives.
• Vesting schedules of four years for RSUs and performance-based vesting for PSUs are typical in the industry.
• Performance metrics such as FCF, ROIC, and TSR are frequently used to determine the vesting of PSUs, aligning executive compensation with company performance.
• Companies like Medtronic, Boston Scientific, and Abbott also utilize similar stock-based compensation plans for their executives.

Stakeholder Impact

• The vesting of RSUs and PSUs can be seen as a positive signal to shareholders, indicating that the company has met certain performance goals.
• The stock-based compensation plan incentivizes the CFO to make decisions that benefit shareholders by increasing the company's value.

Next Steps

• The newly granted RSUs, PSUs, and SARs will vest according to their respective schedules, contingent on continued service and, for PSUs, the achievement of performance targets.
• The reporting person will likely continue to file similar reports as their holdings and equity awards change over time.

Key Dates

Keywords

LivaNova PLC, Alex Shvartsburg, CFO, Form 4, Beneficial Ownership, Ordinary Shares, Restricted Stock Units, Performance Stock Units, Stock Appreciation Rights, Vesting, SEC Filing