Teladoc (NYSE: TDOC) CEO sells shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teladoc Health, Inc. chief executive officer Charles Divita III reported compensation-related stock activity. On June 1, 2026, previously granted restricted stock units and performance stock units converted into a total of 44,242 shares of common stock on a one-for-one basis.
On June 2, 2026, he sold 19,132 shares of common stock at $7.627 per share, with the footnotes stating the shares were sold to cover tax withholding obligations tied to the vesting of these awards. After the transactions, he directly owned 389,894 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,132 shares ($145,920)
Net Sell
5 txns
Insider
DIVITA CHARLES III
Role
CHIEF EXECUTIVE OFFICER
Sold
19,132 shs ($146K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,132 | $7.627 | $146K |
| Exercise | Performance Stock Units | 1,966 | $0.00 | -- |
| Exercise | Restricted Stock Units | 42,276 | $0.00 | -- |
| Exercise | Common Stock | 1,966 | $0.00 | -- |
| Exercise | Common Stock | 42,276 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 389,894 shares (Direct, null);
Performance Stock Units — 13,761 shares (Direct, null);
Restricted Stock Units — 295,939 shares (Direct, null)
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 March 1, 2026, the reporting person earned 23,591 performance stock units, vesting one-third on March 1, 2026, with the remainder vesting in eight substantially equal quarterly installments thereafter. On March 1, 2025, the reporting person was granted 507,322 restricted stock units, vesting one-third on March 1, 2026, with the remainder vesting in eight substantially equal quarterly installments thereafter.
Key Figures
Shares sold: 19,132 shares
Sale price: $7.627 per share
Shares from RSU/PSU conversion: 44,242 shares
+3 more
6 metrics
Shares sold
19,132 shares
Common stock sold on June 2, 2026 at $7.627 per share
Sale price
$7.627 per share
Price for 19,132 Teladoc common shares sold
Shares from RSU/PSU conversion
44,242 shares
Common shares received from restricted and performance stock unit conversions
Post-transaction holdings
389,894 shares
Direct Teladoc common stock owned after reported transactions
Performance stock units earned
23,591 units
Earned on March 1, 2026, vesting over time
Restricted stock units granted
507,322 units
Granted on March 1, 2025, vesting over time
Key Terms
Performance stock units, Restricted stock units, open-market sale, tax withholding obligation, +1 more
5 terms
Performance stock units financial
"Performance stock units convert to shares of TDOC common stock on a one-for-one basis."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted stock units financial
"Restricted stock units convert to shares of TDOC common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action: open-market sale, transaction_code_description: Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax withholding obligation financial
"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."
one-for-one basis financial
"Performance stock units convert to shares of TDOC common stock on a one-for-one basis."
FAQ
What did Teladoc (TDOC) CEO Charles Divita report in this Form 4?
The CEO reported vesting and conversion of stock-based awards into 44,242 Teladoc common shares and a related sale of 19,132 shares. The sale was specifically described as covering tax withholding from these equity awards, leaving him with 389,894 shares directly owned afterward.
What stock-based awards vested for Teladoc (TDOC) CEO Charles Divita?
Previously granted restricted stock units and performance stock units vested and converted into 44,242 Teladoc common shares. Footnotes state restricted and performance stock units convert to common stock on a one-for-one basis, reflecting routine equity compensation vesting for the chief executive officer.
What longer-term equity awards are described for Teladoc (TDOC) CEO Charles Divita?
Footnotes note he earned 23,591 performance stock units on March 1, 2026 and previously received 507,322 restricted stock units on March 1, 2025. These awards vest over time, with one-third vesting on March 1, 2026 and the remainder vesting in eight substantially equal quarterly installments.