Form 4: LivaNova PLC Director Awarded Restricted Stock Units

Director Susan M Podlogar was granted 2,355 restricted stock units (RSUs) of LivaNova PLC, which will vest on December 15, 2025.

Summary

• Susan M Podlogar, a director of LivaNova PLC, was granted 2,355 restricted stock units (RSUs) on December 15, 2024.
• Each RSU represents a contingent right to receive one ordinary share of LivaNova PLC.
• The RSUs will vest on December 15, 2025, subject to continued service during the vesting period.
• The grant was made under the LivaNova PLC 2015 Incentive Award Plan.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of equity compensation for a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting period encourages continued service and commitment from the director.

Risks

• The value of the RSUs is dependent on the future performance of LivaNova PLC's stock price.
• The director must remain employed by the company until the vesting date to receive the shares.

Future Outlook

The director will receive the ordinary shares upon vesting of the RSUs on December 15, 2025, subject to continued service.

Industry Context

The granting of restricted stock units is a common practice for incentivizing and retaining key personnel, particularly directors, in publicly traded companies.

Comparison to Industry Standards

• Many companies in the medical device industry use equity-based compensation, such as RSUs, to align the interests of directors and executives with those of shareholders.
• The vesting period of one year is a fairly standard practice for RSU grants.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the director to work towards the company's success.
• The director is incentivized to remain with the company until the vesting date.

Next Steps

• The director will continue to provide service to LivaNova PLC.
• The RSUs will vest on December 15, 2025, if the director remains employed.

Key Dates

Keywords

Restricted Stock Units, RSU, LivaNova PLC, Director, Equity Compensation, Incentive Award Plan, Share-based compensation