Labcorp (NYSE: LH) EVP Caveney details RSU vesting and tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Labcorp Holdings Inc. executive Brian J. Caveney, EVP, President of Enterprise Diagnostics, CMO and CSO, reported multiple equity transactions tied to vested restricted stock units. On February 6 and 7, 2026, a total of 670, 517 and 111 restricted stock units converted into the same number of Labcorp common shares at an exercise price of $0 per share. Shares were then withheld on February 6 and 9, 2026 to cover tax obligations, including 209 shares at $277.2 per share and 148 and 32 shares at $274.01 per share. After these transactions, Caveney directly owned 31,077.9234 Labcorp common shares, and 2,890 restricted stock units remained outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,298 shares exercised/converted
Mixed
9 txns
Insider
Caveney Brian J
Role
EVP, Pres of ED, CMO & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 148 | $274.01 | $41K |
| Tax Withholding | Common Stock | 32 | $274.01 | $9K |
| Exercise | Restricted Stock Unit | 517 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 111 | $0.00 | -- |
| Exercise | Common Stock | 517 | $0.00 | -- |
| Exercise | Common Stock | 111 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 670 | $0.00 | -- |
| Exercise | Common Stock | 670 | $0.00 | -- |
| Tax Withholding | Common Stock | 209 | $277.20 | $58K |
Holdings After Transaction:
Common Stock — 31,109.923 shares (Direct);
Restricted Stock Unit — 3,001 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit represents the contingent right to receive one share of Labcorp Holdings Inc. Common Stock. Amount includes 57.1306 shares acquired on June 30, 2025 under the Labcorp Holdings Inc. Amended and Restated 2016 Employee Stock Purchase Plan and 45.1355 shares acquired on December 31, 2025 under the Labcorp Holdings Inc. 2025 Employee Stock Purchase Plan. 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 6, 2025. This number reflects the aggregate number of Restricted Stock Units held by the reporting person. The Restricted Stock Units vested in three equal annual installments beginning on February 7, 2024 and are now fully vested.
FAQ
What did Labcorp (LH) executive Brian Caveney report in this Form 4?
Brian J. Caveney reported restricted stock units converting into Labcorp common stock and related tax withholding share transactions. Multiple RSU tranches vested at a $0 exercise price, and some of the resulting shares were withheld to satisfy tax obligations at prices above $270 per share.
What is the role of Brian Caveney at Labcorp (LH) in this filing?
Brian J. Caveney is identified as an officer of Labcorp, serving as EVP, President of Enterprise Diagnostics, Chief Medical Officer and Chief Scientific Officer. The Form 4 details changes in his beneficial ownership of Labcorp common stock and restricted stock units.
What do the transaction codes M and F mean in the Labcorp (LH) Form 4?
Code M indicates the exercise or conversion of derivative securities, here restricted stock units turning into an equal number of Labcorp shares at $0. Code F represents shares withheld by the company to satisfy income tax withholding obligations associated with those equity awards.
How many restricted stock units does Brian Caveney still hold in Labcorp (LH)?
Following the reported conversions, Brian J. Caveney held 2,890 restricted stock units. Footnotes explain these units represent contingent rights to receive an equal number of Labcorp common shares and that certain RSU grants vest in three equal annual installments.