Hebbelinck Trui 4

Accession 0001639691-24-000047

CIK 0001639691other

View on SEC.gov Company Profile

Filed

Apr 1, 8:00 PM ET

Accepted

Apr 2, 9:21 PM ET

Size

36.0 KB

Accession

0001639691-24-000047

Insider Transaction Report

Form 4

Period: 2024-03-30

LivaNova PLCLIVN

Hebbelinck Trui

Chief Human Resources Officer

Transactions

Award
Performance Stock Units
2024-03-30+2,011→ 2,011 total
→ Ordinary Shares (2,011 underlying)
Award
Stock Appreciation Rights
2024-03-30+8,792→ 8,792 total
Exercise: $55.94→ Ordinary Shares (8,792 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-30−685→ 1,371 total
→ Ordinary Shares (685 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-30−1,330→ 3,989 total
→ Ordinary Shares (1,330 underlying)
Exercise/Conversion
Performance Stock Units
2024-03-30−2,730→ 0 total
→ Ordinary Shares (2,730 underlying)
Exercise/Conversion
Performance Stock Units
2024-03-30−2,065→ 0 total
→ Ordinary Shares (2,065 underlying)
Exercise/Conversion
Performance Stock Units
2024-03-30−3,139→ 0 total
→ Ordinary Shares (3,139 underlying)
Exercise/Conversion
Ordinary Shares
2024-03-30+11,779→ 19,320 total
Tax Payment
Ordinary Shares
2024-03-30$55.94/sh−5,541$309,964→ 13,779 total
Exercise/Conversion
Restricted Stock Units
2024-03-30−1,147→ 0 total
→ Ordinary Shares (1,147 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-30−683→ 682 total
→ Ordinary Shares (683 underlying)
Award
Restricted Stock Units
2024-03-30+4,022→ 4,022 total
→ Ordinary Shares (4,022 underlying)
Award
Performance Stock Units
2024-03-30+2,011→ 2,011 total
→ Ordinary Shares (2,011 underlying)
Award
Performance Stock Units
2024-03-30+4,022→ 4,022 total
→ Ordinary Shares (4,022 underlying)

Footnotes (18)

[F1]Reporting person had vested restricted stock units (RSUs) and performance stock units (PSUs) settled in Ordinary Shares of LivaNova PLC (the Company).
[F10]On March 30, 2021, the reporting person received a grant of 1,365 PSUs. The number of PSUs that vested was the result of the Company's performance against a target related to Free Cash Flow (FCF) for fiscal years 2021 with additional two years service condition. The performance achieved was 200%, and the actual number of vested shares is presented as the quantity that was acquired.
[F11]On March 30, 2021, the reporting person received a grant of 1,365 PSUs. The number of PSUs that vested was the result of the Company's Return on Investment Capital (ROIC) for fiscal year 2021 with additional two years service condition. The performance achieved was 151.30%, and the actual number of vested shares is presented as the quantity that was acquired.
[F12]On March 30, 2021, the reporting person was granted 2,730 PSUs. The vesting of the PSUs depended on the Company's performance against a target of the total shareholder return (TSR) for fiscal years 2021, 2022, and 2023, compared to our peer companies. The Company's performance achieved a result of 115%, and the actual number of vested shares is presented as the quantity that was acquired.
[F13]On March 30, 2024, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting occurring on March 30, 2025. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.
[F14]Each performance stock unit (PSU) represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the 2022 Plan and the award agreement.
[F15]On March 30, 2024, reporting person was granted PSUs to vest or lapse on March 30, 2027 based on how the Company's free cash flow (FCF) for performance period 2024-2026 compares to a target determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
[F16]On March 30, 2024, reporting person was granted PSUs to vest or lapse on March 30, 2027 based on how the Company's Return on Investment Capital (ROIC) calculated for the performance period 2024-2026 compares to a target determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
[F17]On March 30, 2024, reporting person was granted PSUs to vest or lapse on March 30, 2027 based on the Company's TSR for the three-year period beginning on January 1, 2024 and ending December 31, 2026 relative to the TSR of an index of companies, as determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
[F18]On March 30, 2024, reporting person was granted stock appreciation rights (SARs) subject to a four-year vesting in equal annual installments, the first vesting occurring on March 30, 2025. The SARs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.
[F2]The referenced shares were withheld from distribution to satisfy tax liability.
[F3]Each RSU represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan (the 2015 Plan) and the award agreement.
[F4]On March 30, 2020, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting for which occurred on March 30, 2021. The RSUs were subject to forfeiture prior to vesting in accordance with the terms of the 2015 Plan and the award agreement.
[F5]On March 30, 2021, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting for which occurred on March 30, 2022. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2015 Plan and the award agreement.
[F6]On March 30, 2022, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting for which occurred on March 30, 2023. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2015 Plan and the award agreement.
[F7]Each RSU represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the LivaNova PLC 2022 Incentive Award Plan (the 2022 Plan) and the award agreement.
[F8]On March 30, 2023, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting occurring on March 30, 2024. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.
[F9]Each performance stock unit represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the 2015 Plan and the award agreement.

Documents

1 file

4
wk-form4_1712107272.xmlPrimary
FORM 4

Issuer

LivaNova PLC

CIK 0001639691

→

Entity typeother

Related Parties

filerCIK 0001773051

Filing Metadata

Form type: 4
Filed: Apr 1, 8:00 PM ET
Accepted: Apr 2, 9:21 PM ET
Size: 36.0 KB

View on SEC.gov