Labcorp (LH) CEO Schechter sells shares and exercises RSUs in planned trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Labcorp Holdings Inc. President and CEO Adam H. Schechter reported several equity transactions dated February 11, 2026. He sold 5,273 shares of common stock in an open-market transaction at $284.38 per share under a Rule 10b5-1 trading plan.
On the same day, he acquired 3,656 shares of common stock through the exercise and conversion of Restricted Stock Units, and 1,521 shares were withheld to cover tax obligations. Following these transactions, he directly held 89,478 common shares and 22,214 Restricted Stock Units, each RSU representing the right to receive one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,273 shares ($1,499,536)
Net Sell
4 txns
Insider
Schechter Adam H
Role
President & CEO
Sold
5,273 shs ($1.50M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,656 | $0.00 | -- |
| Sale | Common Stock | 5,273 | $284.38 | $1.50M |
| Exercise | Common Stock | 3,656 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,521 | $289.89 | $441K |
Holdings After Transaction:
Restricted Stock Unit — 22,214 shares (Direct);
Common Stock — 87,343 shares (Direct)
Footnotes (1)
- Pursuant to a plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. 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 transactions did Labcorp (LH) CEO Adam Schechter report on February 11, 2026?
Adam Schechter reported multiple transactions on February 11, 2026. He sold 5,273 Labcorp common shares, exercised 3,656 Restricted Stock Units into common stock, and had 1,521 shares withheld to satisfy tax obligations related to those equity awards.
At what price did the Labcorp (LH) CEO sell common stock in this Form 4 filing?
The CEO sold 5,273 Labcorp common shares at $284.38 per share. This sale was executed pursuant to a pre-established Rule 10b5-1 trading plan, which is designed to systematically schedule trades independently of day-to-day market developments.
What is the nature of the Restricted Stock Units reported in this Labcorp (LH) Form 4?
The filing states each Restricted Stock Unit gives the right to receive one Labcorp common share. The RSUs that vested on February 11, 2026 are from a grant vesting in three equal annual installments beginning on that date, with remaining units still outstanding.
Was any portion of the Labcorp (LH) CEO’s equity used to cover taxes in this filing?
Yes. The Form 4 indicates 1,521 Labcorp common shares were disposed of through stock withholding to satisfy tax withholding obligations. This tax-related disposition is coded as transaction type F and is distinct from open-market sales activity.
Was the Labcorp (LH) CEO’s stock sale made under a Rule 10b5-1 trading plan?
The filing explains the sale was made pursuant to a Rule 10b5-1 trading plan. Such plans allow insiders to pre-schedule trades in advance, providing a structured framework intended to separate trading decisions from material nonpublic information.