Shvartsburg Alex 4
4 · LivaNova PLC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
LivaNova CFO Alex Shvartsburg Exercises Awards, Sells Shares for Taxes
What Happened
- Alex Shvartsburg, Chief Financial Officer of LivaNova PLC (LIVN), had performance- and time-based awards convert into ordinary shares on March 30, 2026. A total of 30,835 shares were acquired through conversion/settlement of vested RSUs/PSUs. To satisfy tax withholding obligations, 12,868 of those shares were withheld/disposed at $61.27 per share, generating a tax withholding amount of $788,422.
- On the same date he received new long-term awards: 16,321 RSUs (three‑year vesting) and three PSU grants of 5,440 shares each (targets for revenue growth, relative TSR and adjusted EPS for 2026–2028), for a total of 32,641 target award shares granted (subject to future vesting and plan terms).
Key Details
- Transaction date: March 30, 2026 (Form 4 filed April 1, 2026 — appears to be filed within the usual two‑business‑day window).
- Tax withholding: 12,868 shares withheld/disposed at $61.27 per share = $788,422 (coded F: payment of tax liability / shares withheld).
- Vested performance results that produced the settled shares: prior PSU awards from 2023 vested above target (examples in filing: FCF 122.0% (F9); ROIC 118.71% (F10); rTSR 113.89% (F11)).
- Grants: 16,321 RSUs (three‑year vesting) plus three PSU awards of 5,440 each (targets set for 2026–2028 performance periods) — these are contingent and subject to continued service and performance per plan (F12–F15).
- Shares owned after the transaction: not specified in the supplied filing excerpts.
- Codes explained: M = exercise/conversion of derivative (vesting/settlement); F = payment of exercise price or tax withholding; A = award/grant.
Context
- This filing reflects routine vesting/settlement of incentive awards (some earned at above‑target performance) and a share‑withholding to cover tax obligations — not an open‑market sale for cash or directional trading by the insider. The withheld shares are a common, administrative step following vesting and do not necessarily signal a change in insider conviction.
Insider Transaction Report
Form 4
LivaNova PLCLIVN
Shvartsburg Alex
Chief Financial Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-30+30,835→ 57,515 total - Tax Payment
Ordinary Shares
[F2]2026-03-30$61.27/sh−12,868$788,422→ 44,647 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-30−914→ 0 total→ Ordinary Shares (914 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-03-30−2,364→ 2,364 total→ Ordinary Shares (2,364 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-03-30−1,787→ 3,575 total→ Ordinary Shares (1,787 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F7]2026-03-30−3,621→ 7,240 total→ Ordinary Shares (3,621 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F9]2026-03-30−5,768→ 0 total→ Ordinary Shares (5,768 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F10]2026-03-30−5,612→ 0 total→ Ordinary Shares (5,612 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F11]2026-03-30−10,769→ 0 total→ Ordinary Shares (10,769 underlying) - Award
Restricted Stock Units
[F3][F12]2026-03-30+16,321→ 16,321 total→ Ordinary Shares (16,321 underlying) - Award
Performance Stock Units
[F8][F13]2026-03-30+5,440→ 5,440 total→ Ordinary Shares (5,440 underlying) - Award
Performance Stock Units
[F8][F14]2026-03-30+5,440→ 5,440 total→ Ordinary Shares (5,440 underlying) - Award
Performance Stock Units
[F8][F15]2026-03-30+5,440→ 5,440 total→ Ordinary Shares (5,440 underlying)
Footnotes (15)
- [F1]Reporting person had vested restricted stock units (RSUs) and vested performance stock units (PSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value.
- [F10]On March 30, 2023, reporting person was granted PSUs to vest or lapse on March 30, 2026 based on the Company's Return on Investment Capital (ROIC) for performance period 2023-2025 compared to a target determined by the 2022 Plan Administrator. The Company has determined that 118.71% of the underlying PSUs shall vest on March 30, 2026, subject to continued service during the vesting period and the award agreement. The performance achieved was 118.71%, and the actual number of vested shares is presented as the quantity that was acquired.
- [F11]On March 30, 2023, reporting person was granted PSUs to vest or lapse on March 30, 2026 based on the Company's relative total shareholder return (rTSR) for the three-year period beginning on January 1, 2023 and ending December 31, 2025 relative to the total shareholder return of an index of companies, as determined by the 2022 Plan Administrator. The Company has determined that 113.89% of the underlying PSUs shall vest on March 30, 2026, subject to continued service during the vesting period and the award agreement. The performance achieved was 113.89%, and the actual number of vested shares is presented as the quantity that was acquired.
- [F12]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.
- [F13]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.
- [F14]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.
- [F15]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.
- [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, 2022, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred on March 30, 2023. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Company's 2015 Incentive Award Plan (the 2015 Plan) and the award agreement.
- [F5]On March 30, 2023, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred on March 30, 2024. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Company's 2022 Incentive Award Plan (the 2022 Plan) and the award agreement.
- [F6]On March 30, 2024, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred 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.
- [F7]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.
- [F8]Each 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.
- [F9]On March 30, 2023, reporting person was granted PSUs to vest or lapse on March 30, 2026 based on the Company's cumulative free cash flow (FCF) for performance period 2023-2025 compared to a target determined by the 2022 Plan Administrator. The Company has determined that 122.0% of the underlying PSUs shall vest on March 30, 2026, subject to continued service during the vesting period and the award agreement. The performance achieved was 122.0%, and the actual number of vested shares is presented as the quantity that was acquired.
Signature
/s/ Sarah K. Mohr, Attorney-in-Fact|2026-04-01