Labcorp (NYSE: LH) CEO exercises RSUs and withholds shares for taxes
Rhea-AI Filing Summary
Labcorp Holdings Inc. President & CEO Adam H. Schechter reported multiple equity transactions. On February 6 and 7, 2026, he exercised restricted stock units, converting 4,460 and 3,249 RSUs into an equal number of common shares at an exercise price of $0 per share. Related grants vest in three equal annual installments beginning on February 6, 2025 and February 7, 2024.
To cover tax withholding, Schechter had 1,315 shares withheld at $277.20 on February 6, 2026 and 1,352 shares withheld at $274.01 on February 9, 2026. After these transactions, he directly held 92,616 shares of common stock and 18,679 restricted stock units.
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FAQ
What insider transactions did Labcorp (LH) CEO Adam Schechter report?
Schechter reported RSU exercises and share withholding for taxes. He converted 4,460 and 3,249 restricted stock units into common stock, then had 1,315 and 1,352 shares withheld at set prices to satisfy tax obligations, while retaining a sizable direct equity position.
How many Labcorp (LH) shares does the CEO hold after these Form 4 transactions?
After the reported activity, Schechter directly held 92,616 Labcorp common shares. He also beneficially owned 18,679 restricted stock units, each representing the contingent right to receive one share of common stock, reflecting both vested and unvested equity awards in his compensation package.
What restricted stock units did the Labcorp (LH) CEO exercise in February 2026?
Schechter exercised 4,460 restricted stock units on February 6, 2026 and 3,249 restricted stock units on February 7, 2026. Each RSU converted into one Labcorp common share at an exercise price of $0 per share, consistent with typical RSU settlement mechanics.
Why were some Labcorp (LH) shares withheld in the CEO’s Form 4 filing?
The filing states that certain shares were withheld to satisfy tax withholding obligations. Specifically, 1,315 shares at $277.20 and 1,352 shares at $274.01 were withheld, rather than sold on the market, to cover associated tax liabilities from RSU vesting.
How do the Labcorp (LH) CEO’s RSU grants vest over time?
One RSU grant vests in three equal annual installments beginning on February 6, 2025. Another RSU grant vested in three equal annual installments beginning on February 7, 2024 and is now fully vested, according to the detailed footnotes in the Form 4 disclosure.
What does each Labcorp (LH) restricted stock unit represent for the CEO?
Each restricted stock unit represents a contingent right to receive one share of Labcorp common stock. These units convert into shares as they vest according to the grant’s schedule, forming a key component of the CEO’s long-term equity compensation package.