Sandra D. van der Vaart - Feb 2, 2024 Form 4 Insider Report for LABORATORY CORP OF AMERICA HOLDINGS (LH)

Role
EVP, Chief Legal Officer
Signature
/s/ Sandra D. van der Vaart
Stock symbol
LH
Transactions as of
Feb 2, 2024
Transactions value $
-$58,299
Form type
4
Date filed
2/6/2024, 03:47 PM
Previous filing
Jul 5, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LH Common Stock Options Exercise +264 +3.46% 7.9K Feb 2, 2024 Direct F1, F2
transaction LH Common Stock Tax liability -$15.7K -71 -0.9% $221.54 7.83K Feb 2, 2024 Direct F2, F3
transaction LH Common Stock Sale -$42.6K -193 -2.46% $220.57 7.64K Feb 5, 2024 Direct F2, F4

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 -264 -3.25% $0.00 7.87K Feb 2, 2024 Common Stock 264 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Amount includes 32.2815 shares acquired on December 29, 2023 under the Laboratory Corporation of America Holdings 2016 Employee Stock Purchase Plan.
F3 Stock withholding to satisfy tax withholding obligations.
F4 Pursuant to a plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
F5 The Restricted Stock Units vested in three equal annual installments beginning on February 2, 2022 and are now fully vested.
F6 This number reflects the aggregate number of Restricted Stock Units held by the reporting person. Amount includes an additional 155 Restricted Stock Units resulting from the final adjustment ratio calculated pursuant to the terms of the Employee Matters Agreement by and between Laboratory Corporation of America Holdings and Fortrea Holdings Inc.