Glenn A. Eisenberg - Apr 30, 2024 Form 4 Insider Report for LABORATORY CORP OF AMERICA HOLDINGS (LH)

Signature
/s/ Sandra D. van der Vaart, Attorney-in-Fact for Glenn A. Eisenberg
Stock symbol
LH
Transactions as of
Apr 30, 2024
Transactions value $
-$905,360
Form type
4
Date filed
5/2/2024, 12:45 PM
Previous filing
Apr 17, 2024
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LH Common Stock Options Exercise +10.2K +25.22% 50.8K Apr 30, 2024 Direct F1
transaction LH Common Stock Tax liability -$905K -4.5K -8.85% $201.37 46.3K Apr 30, 2024 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 Performance Share Unit Options Exercise -10.2K -100% 0 Apr 30, 2024 Common Stock 10.2K 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 Performance Share represents the contingent right to receive one share of Laboratory Corporation of America Holdings ("Labcorp") Common Stock.
F2 Stock withholding to satisfy tax withholding obligations.
F3 Amount includes an additional 1,059 Performance Shares resulting from the final adjustment ratio calculated pursuant to the terms of the Employee Matters Agreement by and between Labcorp and Fortrea Holdings Inc. ("Fortrea").
F4 The Performance Shares vested in full upon the filing of the Company's Quarterly Report on Form 10-Q for the first quarter of 2024, subject to both continued service and satisfaction of a performance condition related to the spin-off of Fortrea.