Kozmina Natalia 4
4 · LivaNova PLC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
LivaNova (LIVN) CHRO Natalia Kozmina Exercises RSUs, Receives Awards
What Happened
- Natalia Kozmina, Chief Human Resources Officer of LivaNova PLC, had restricted stock units (RSUs) vest and convert into 6,389 ordinary shares on March 30, 2026. To cover tax withholding, 1,374 of those shares were withheld/sold at $61.27 each, raising $84,185. The filing also records conversion/cancellation line-items for 4,259 and 2,130 derivative units (consistent with the vest/settlement mechanics).
- On the same date (March 30, 2026) Kozmina received new equity awards: 9,792 RSUs (three‑year service-based vesting beginning March 30, 2027) and three performance stock unit (PSU) grants of 3,264 shares each (target amounts). The PSUs vest March 30, 2029 based on revenue growth, relative total shareholder return (rTSR), and adjusted EPS performance for 2026–2028.
Key Details
- Transaction date: March 30, 2026; Form 4 filed April 1, 2026 (timely filing).
- Vested/converted: 6,389 shares acquired at $0 (RSU settlement).
- Tax withholding: 1,374 shares withheld/sold at $61.27 each = $84,185.
- New grants: 9,792 RSUs (service‑based); three PSU awards of 3,264 target PSUs each (performance‑based, vesting 2029).
- Notable footnotes: shares withheld to satisfy tax liability; PSUs are performance-contingent and reflect target amounts; RSUs/PSUs are subject to forfeiture if vesting/service conditions are not met.
- Shares owned after transaction: not disclosed in the provided excerpt.
Context
- This is primarily a settlement of vested RSUs and the routine withholding of shares to cover taxes (F code for tax withholding). Such share withholding is common and is a settlement mechanism rather than an open‑market sale driven by personal liquidity needs.
- New RSU awards are service-based and PSUs are performance-based (revenue, rTSR, EPS), so future share issuance depends on continued service and performance outcomes.
- No purchase (P) present — this is not a direct market buy. The filing does not indicate a 10% owner or a 10b5-1 plan.
Insider Transaction Report
Form 4
LivaNova PLCLIVN
Kozmina Natalia
Chief Human Resources Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-30+6,389→ 6,389 total - Tax Payment
Ordinary Shares
[F2]2026-03-30$61.27/sh−1,374$84,185→ 5,015 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-30−4,259→ 8,518 total→ Ordinary Shares (4,259 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-30−2,130→ 4,258 total→ Ordinary Shares (2,130 underlying) - Award
Restricted Stock Units
[F3][F5]2026-03-30+9,792→ 9,792 total→ Ordinary Shares (9,792 underlying) - Award
Performance Stock Units
[F6][F7]2026-03-30+3,264→ 3,264 total→ Ordinary Shares (3,264 underlying) - Award
Performance Stock Units
[F6][F8]2026-03-30+3,264→ 3,264 total→ Ordinary Shares (3,264 underlying) - Award
Performance Stock Units
[F6][F9]2026-03-30+3,264→ 3,264 total→ Ordinary Shares (3,264 underlying)
Footnotes (9)
- [F1]Reporting person had vested restricted stock units (RSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value.
- [F2]Shares withheld 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 applicable Company incentive award plan identified in the footnote for such grant and the award agreement.
- [F4]On March 30, 2025, reporting person was granted RSUs subject to a three-year vesting in equal annual installments, the first vesting occurring on March 30, 2026. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the First Amended and Restated LivaNova PLC 2022 Incentive Award Plan (the First A&R 2022 Plan) and the award agreement.
- [F5]On March 30, 2026, reporting person was granted RSUs subject to a three-year vesting in equal annual installments, the first vesting occurring on March 30, 2027. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Second Amended and Restated LivaNova PLC 2022 Incentive Award Plan (the Second A&R 2022 Plan) and the award agreement.
- [F6]Each performance stock unit (PSU) represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the applicable Company incentive award plan identified in the footnote for such grant and the award agreement.
- [F7]On March 30, 2026, reporting person was granted PSUs to vest or lapse on March 30, 2029 based on how the Company's revenue growth for the performance period 2026-2028 compares to a target determined by the Second A&R 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.
- [F8]On March 30, 2026, reporting person was granted PSUs to vest or lapse on March 30, 2029 based on the Company's relative total shareholder return (rTSR) for the three-year period beginning on January 1, 2026 and ending December 31, 2028 relative to the total shareholder return of an index of companies, as determined by the Second A&R 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.
- [F9]On March 30, 2026, reporting person was granted PSUs to vest or lapse on March 30, 2029 based on how the Company's adjusted earnings per share (EPS) for the performance period 2026-2028 compares to a target determined by the Second A&R 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.
Signature
/s/ Sarah K. Mohr, Attorney-in-Fact|2026-04-01