Form 4: LivaNova SVP's Scheduled Stock Vesting and Tax Sale

LivaNova PLC's Senior Vice President, Chief Legal Officer, and Company Secretary, Michael Damon Hutchinson, reported the vesting of restricted stock units and the subsequent sale of shares to cover tax liabilities.

Summary

• Michael Damon Hutchinson, SVP, CLO, and Company Secretary of LivaNova PLC, reported transactions on December 15, 2025.
• He acquired 2,254 ordinary shares through the settlement of vested restricted stock units (RSUs) at a price of $0.
• Concurrently, 1,122 ordinary shares were disposed of at a price of $63.06 to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Hutchinson directly beneficially owns 6,798 ordinary shares.
• The RSU vesting was the third installment of a four-year vesting schedule for units granted on December 15, 2022, under the LivaNova PLC 2022 Incentive Award Plan.
• He continues to beneficially own 2,253 derivative securities (Restricted Stock Units).

Sentiment

Score: 6

Explanation: The filing reports a routine executive compensation event (RSU vesting) and a standard tax-related share disposition. This is generally neutral to slightly positive as it indicates executive retention and compensation, but the sale for tax is a common occurrence and not indicative of a negative outlook.

Positives

• Vesting of 2,254 restricted stock units indicates successful achievement of compensation milestones for the executive.
• The transaction is part of a pre-scheduled vesting plan, reflecting routine executive compensation.

Negatives

• A portion of the newly acquired shares (1,122 shares) was immediately sold to cover tax liabilities, reducing the executive's direct shareholding.

Future Outlook

NA

Industry Context

This routine insider transaction reflects standard executive compensation practices within the medical technology and healthcare industry, where equity awards like Restricted Stock Units are common incentives for senior management.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive compensation and changes in insider ownership. The sale for tax purposes is a common event and not typically a signal of lack of confidence.
• Employees: Reinforces the company's executive compensation structure and incentive plans.

Next Steps

• The remaining portion of the Restricted Stock Units granted on December 15, 2022, is expected to vest on December 15, 2026, completing the four-year schedule.

Key Dates

Keywords

LivaNova, LIVN, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Sale, Tax Withholding