Form 4: LivaNova PLC Director William A. Kozy Acquires Restricted Stock Units

Director William A. Kozy acquired 4,840 Restricted Stock Units (RSUs) of LivaNova PLC on June 15, 2024, which will vest on June 15, 2025.

Summary

• On June 15, 2024, William A. Kozy, a director of LivaNova PLC, acquired 4,840 Restricted Stock Units (RSUs).
• Each RSU represents the right to receive one ordinary share of LivaNova PLC, with a par value of GBP 1.00.
• The RSUs were granted under the company's 2015 Incentive Award Plan.
• These RSUs will vest on June 15, 2025, contingent upon continued service during the vesting period.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs vest on June 15, 2025, subject to continued service, indicating a long-term incentive for the director.

Industry Context

This is a standard practice for incentivizing company directors and aligning their interests with those of the shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to incentivize performance and align their interests with shareholders.
• Companies like Medtronic and Boston Scientific also utilize similar equity-based compensation plans for their executives and directors.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates