Teladoc (NYSE: TDOC) CEO exercises stock units, sells shares for taxes
Rhea-AI Filing Summary
Teladoc Health, Inc. CEO Charles DiVita III reported a mix of equity compensation activity and related share sales. On June 10, 2026, he exercised restricted stock units and performance stock units that convert one-for-one into common shares, receiving 39,160 and 3,642 shares of common stock, respectively.
On June 11, 2026, he sold 18,074 shares of common stock at $6.942 per share. A footnote states these shares were sold to cover the tax withholding obligation from the vesting of his performance and restricted stock unit awards, rather than as a discretionary open-market sale for liquidity.
After these transactions, DiVita directly holds 414,622 shares of Teladoc common stock. Footnotes also note he earned 23,591 performance stock units on June 10, 2026, scheduled to vest partially on March 10, 2026 with the remainder in five quarterly installments, and that a prior grant of 469,924 restricted stock units from June 10, 2024 continues to vest over time.
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Insights
CEO exercised stock units and sold shares mainly to cover taxes.
Teladoc Health CEO Charles DiVita III exercised restricted and performance stock units into 42,802 common shares on June 10, 2026. These are compensation-related conversions, not open-market purchases, and increase his direct common stock exposure before any sales.
The following day he sold 18,074 shares at $6.942 per share. A footnote specifies the sale covered tax withholding obligations tied to vesting, which is a mechanical step rather than a discretionary reduction in exposure. Afterward, he still directly holds 414,622 shares.
Footnotes also describe 23,591 newly earned performance stock units and a prior grant of 469,924 restricted stock units with multi-year vesting schedules. Overall, this filing reflects routine equity compensation vesting, exercises, and related tax settlement, rather than a strategic change in the CEO’s ownership position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,074 | $6.942 | $125K |
| Exercise | Performance Stock Units | 3,642 | $0.00 | -- |
| Exercise | Restricted Stock Units | 39,160 | $0.00 | -- |
| Exercise | Common Stock | 3,642 | $0.00 | -- |
| Exercise | Common Stock | 39,160 | $0.00 | -- |
Footnotes (1)
- Performance stock units convert to shares of TDOC common stock on a one-for-one basis. Restricted stock units convert to shares of TDOC common stock on a one-for-one basis. Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's performance stock unit and restricted stock unit awards. On June 10, 2026, the reporting person earned 23,591 performance stock units, vesting as to seven-twelfths on March 10, 2026, with the remainder vesting in five substantially equal quarterly installments over the subsequent 15 months. On June 10, 2024, the reporting person was granted 469,924 restricted stock units, vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter.