Form 4: Teladoc Health Executive Laizer Kornwasser Reports Stock Transactions
SEC Form 4
Laizer Kornwasser, President of Enterprise Growth at Teladoc Health, reports the acquisition and disposal of company stock and derivative securities.
Summary
- Laizer Kornwasser, President, Enterprise Growth at Teladoc Health, filed a Form 4 detailing changes in beneficial ownership.
- On May 31, 2024, Kornwasser acquired 2,377 shares of common stock through the conversion of performance stock units and 6,975 shares through the conversion of restricted stock units.
- On June 3, 2024, Kornwasser sold 4,812 shares of common stock at a price of $11.157 per share.
- Following these transactions, Kornwasser directly owns 90,610 shares of Teladoc Health common stock.
- Kornwasser also holds 16,642 performance stock units and 48,829 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Executive stock transactions are a common occurrence and are routinely disclosed. This filing provides transparency into the trading activities of a key executive at Teladoc Health.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/03/2023 | Reporting person was granted 83,705 restricted stock units, vesting one-third on March 1, 2024, with the remainder vesting in eight substantially equal quarterly installments thereafter. |
| 03/01/2024 | The reporting person earned 28,527 performance stock units, vesting one-third on March 1, 2024, with the remainder vesting in eight substantially equal quarterly installments thereafter. |
| 05/31/2024 | Kornwasser acquired shares through conversion of performance stock units and restricted stock units. |
| 06/03/2024 | Kornwasser sold 4,812 shares of common stock. |
| 06/04/2024 | Date of Form 4 signature. |
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