Vladimir Makatsaria - 30 Mar 2025 Form 4 Insider Report for LivaNova PLC (LIVN)

Role
Chief Executive Officer, Director
Signature
/s/ Sarah K. Mohr, Attorney-in-Fact
Issuer symbol
LIVN
Transactions as of
30 Mar 2025
Net transactions value
-$197,450
Form type
4
Filing time
01 Apr 2025, 21:01:18 UTC
Previous filing
02 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIVN Ordinary Shares Options Exercise $0 +9,330 $0.000000 9,330 30 Mar 2025 Direct F1
transaction LIVN Ordinary Shares Tax liability $197,450 -5,046 -54% $39.13 4,284 30 Mar 2025 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 LIVN Restricted Stock Units Options Exercise $0 -3,352 -25% $0.000000 10,055 30 Mar 2025 Ordinary Shares 3,352 Direct F3, F4
transaction LIVN Restricted Stock Units Options Exercise $0 -5,978 -25% $0.000000 17,931 30 Mar 2025 Ordinary Shares 5,978 Direct F3, F4
transaction LIVN Restricted Stock Units Award $0 +35,139 $0.000000 35,139 30 Mar 2025 Ordinary Shares 35,139 Direct F3, F5
transaction LIVN Performance Stock Units Award $0 +17,569 $0.000000 17,569 30 Mar 2025 Ordinary Shares 17,569 Direct F6, F7
transaction LIVN Performance Stock Units Award $0 +17,569 $0.000000 17,569 30 Mar 2025 Ordinary Shares 17,569 Direct F6, F8
transaction LIVN Performance Stock Units Award $0 +35,139 $0.000000 35,139 30 Mar 2025 Ordinary Shares 35,139 Direct F6, F9
transaction LIVN Stock Appreciation Rights Award $0 +76,927 $0.000000 76,927 30 Mar 2025 Ordinary Shares 76,927 $39.13 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person had vested restricted stock units (RSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value.
F2 Shares withheld to satisfy tax liability.
F3 Each RSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the Company's 2022 Incentive Award Plan (the Plan) and the award agreement.
F4 On March 30, 2024, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting having occurred on March 30, 2025. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.
F5 On March 30, 2025, reporting person was granted RSUs subject to a three-year vesting in equal annual installments, the first vesting occurring on March 30, 2026. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.
F6 Each performance stock unit (PSU) represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the Plan and the award agreement.
F7 On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on how the Company's free cash flow (FCF) for performance period 2025-2027 compares to a target determined by the Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
F8 On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on how the Company's Return on Investment Capital (ROIC) calculated for the performance period 2025-2027 compares to a target determined by the Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
F9 On March 30, 2025, reporting person was granted PSUs to vest or lapse on March 30, 2028 based on the Company's total shareholder return (TSR) for the three-year period beginning on January 1, 2025 and ending December 31, 2027 relative to the TSR of an index of companies, as determined by the Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
F10 On March 30, 2025, reporting person was granted stock appreciation rights (SARs) subject to a four-year vesting in equal annual installments, the first vesting occurring on March 30, 2026. The SARs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.