Life Time CFO granted shares; some withheld for taxes
Life Time Group Holdings EVP & CFO Erik Weaver reported equity-related transactions in common stock.
Rhea-AI Filing Summary
Life Time Group Holdings EVP & CFO Erik Weaver reported equity-related transactions in common stock. He received two grants totaling 26,683 and 14,824 shares at no cost, and 8,553 shares were disposed of at 26.47 per share to cover tax obligations tied to these awards.
A footnote explains that the granted shares relate to performance stock units for the fiscal 2025 performance period, which met their performance condition. The shares will vest after additional time-based requirements linked to the issuer’s fiscal 2027 performance and financial results are satisfied.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,683 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,553 | $26.47 | $226K |
| Grant/Award | Common Stock | 14,824 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person was granted performance stock units, each of which represented a contingent right to receive one share of the Issuer's common stock, subject to meeting a performance condition for the fiscal 2025 performance period and further time-based vesting requirements. Based on actual performance, the performance condition was met and the shares will vest the later of (a) determination of the Issuer's performance for fiscal 2027 for the remaining performance stock units and (b) the first full trading date following the release of the Issuer's financial results for fiscal 2027.
FAQ
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What insider transactions did Life Time Group (LTH) CFO Erik Weaver report?
Were Erik Weaver’s Life Time Group (LTH) transactions open-market stock sales or purchases?
What are the performance stock units mentioned in the Life Time Group (LTH) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.