Teladoc CEO sells shares to cover tax on stock awards
Teladoc Health, Inc. reported insider activity by CEO Charles DiVita III involving equity awards, vesting, and related tax sales.
Rhea-AI Filing Summary
Teladoc Health, Inc. reported insider activity by CEO Charles DiVita III involving equity awards, vesting, and related tax sales. On March 10, 2026, restricted stock units and performance stock units converted one-for-one into a total of 64,653 shares of common stock. He was also awarded 43,703 performance stock units, with vesting tied to the company’s 2025 financial results and a schedule that began March 10, 2026. On March 11, 2026, 27,731 shares of common stock were sold at $5.49 per share to cover tax withholding obligations related to these vestings. After these transactions, DiVita directly owned 364,784 shares of Teladoc common stock.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,731 | $5.49 | $152K |
| Exercise | Restricted Stock Units | 39,160 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 43,703 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 25,493 | $0.00 | $0.00 |
| Exercise | Common Stock | 39,160 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,493 | $0.00 | $0.00 |
Footnotes (8)
- F1. Restricted stock units convert to shares of TDOC common stock on a one-for-one basis.
- F2. Performance stock units convert to shares of TDOC common stock on a one-for-one basis.
- F3. 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.
- F4. 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.
- F5. Each performance stock unit represents a contingent right to receive one share of TDOC common stock.
- F6. Performance award amount determined based on metrics in respect of the issuer's 2025 financial results.
- F7. The performance stock units vest as to seven-twelfths on March 10, 2026, with the remainder vesting in five substantially equal quarterly installments over the subsequent 15 months.
- F8. On March 10, 2026, the reporting person earned 43,703 performance stock units, vesting seven-twelfths on March 10, 2026, with the remainder vesting in five substantially equal quarterly installments over the subsequent 15 months.
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