Labcorp (LH) EVP Caveney converts RSUs and withholds shares for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Labcorp Holdings Inc. executive Brian J. Caveney, EVP and President of Enterprise Diagnostics, CMO & CSO, reported equity award activity in company stock. On February 11, 2026, he exercised 740 Restricted Stock Units, converting them into 740 shares of Common Stock at an exercise price of $0 per share.
To cover tax withholding obligations related to this vesting, 211 shares of Common Stock were withheld at a price of $289.89 per share, coded as a disposition for tax payment rather than an open-market sale. After these transactions, he directly held 31,606.9234 shares of Common Stock and 4,170 Restricted Stock Units, which vest in three equal annual installments beginning on February 11, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
740 shares exercised/converted
Mixed
3 txns
Insider
Caveney Brian J
Role
EVP, Pres of ED, CMO & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 740 | $0.00 | -- |
| Exercise | Common Stock | 740 | $0.00 | -- |
| Tax Withholding | Common Stock | 211 | $289.89 | $61K |
Holdings After Transaction:
Restricted Stock Unit — 4,170 shares (Direct);
Common Stock — 31,817.923 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit represents the contingent right to receive one share of Labcorp Holdings Inc. Common Stock. Stock withholding to satisfy tax withholding obligations. The Restricted Stock Units that have vested were part of a grant that vests in three equal annual installments beginning on February 11, 2026. This number reflects the aggregate number of Restricted Stock Units held by the reporting person.
FAQ
What insider transaction did Labcorp (LH) executive Brian J. Caveney report?
Brian J. Caveney reported exercising 740 Restricted Stock Units into 740 shares of Labcorp Common Stock. The RSUs vested as part of an equity grant, increasing his direct share holdings while maintaining additional unvested RSUs for future periods.
What are the details of the Restricted Stock Units held by the Labcorp (LH) executive?
After the reported activity, Caveney holds 4,170 Restricted Stock Units. These RSUs come from a grant that vests in three equal annual installments beginning on February 11, 2026, each unit representing a contingent right to one Common Stock share.
What transaction codes appear in the Labcorp (LH) Form 4 filing?
The filing shows code M for the exercise or conversion of derivative securities, reflecting RSU vesting into 740 Common Stock shares, and code F for 211 shares withheld to pay tax obligations, classified as a disposition by delivering shares.