Glenn A. Eisenberg - Nov 1, 2021 Form 4 Insider Report for LABORATORY CORP OF AMERICA HOLDINGS (LH)

Role
Chief Financial Officer, EVP
Signature
/s/ Sandra D. van der Vaart, Attorney-in-Fact for Glenn A. Eisenberg
Stock symbol
LH
Transactions as of
Nov 1, 2021
Transactions value $
-$1,164,939
Form type
4
Date filed
11/3/2021, 11:49 AM
Previous filing
May 28, 2021
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LH Common Stock Options Exercise +9.02K +24.11% 46.5K Nov 1, 2021 Direct F1
transaction LH Common Stock Tax liability -$1.16M -4.03K -8.68% $288.78 42.4K Nov 1, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LH Restricted Stock Unit Options Exercise $0 -9.02K -34.4% $0.00 17.2K Nov 1, 2021 Common Stock 9.02K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents the contingent right to receive one share of Laboratory Corporation of America Holdings Common Stock.
F2 Stock withholding to satisfy tax withholding obligations.
F3 The Restricted Stock Units that have vested were part of a grant that vests in three installments as follows: 30% of the Restricted Stock Units vested on November 1, 2020; 30% of the Restricted Stock Units vested on November 1, 2021; and 40% of the Restricted Stock Units will vest on November 1, 2022, with the third installment subject to a relative total shareholder return ("TSR") modifier that may adjust the third installment of the Restricted Stock Units upward or downward 25% based on our three-year cumulative relative TSR.
F4 This number reflects the aggregate number of Restricted Stock Units held by the reporting person.