v3.26.3
Share-Based Incentive Plans
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Incentive Plans
Note 8. Share-Based Incentive Plans
Share-Based Compensation Expense
The following table presents the amounts of share-based compensation expense recognized in LivaNova’s condensed consolidated statements of income (loss) by type of arrangement (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Service-based RSUs$8,254 $4,715 $21,004 $12,784 
Service-based SARs2,945 3,494 9,881 9,628 
Market performance-based RSUs1,276 629 3,532 1,558 
Operating performance-based RSUs1,721 748 4,121 2,030 
Employee share purchase plan359 361 1,169 904 
$14,555 $9,947 $39,707 $26,904 
Share-based compensation granted for the nine months ended September 30, 2026, representing potential shares and their weighted average grant date fair values by type, is as follows (shares in thousands, fair value in dollars):
Nine Months Ended September 30, 2026
SharesWeighted Average Grant Date Fair Value
Service-based RSUs580$62.77 
Performance-based RSUs (1) (2)
18870.26 
(1)Awards cliff vest after three years and are subject to performance conditions, including the rank of LivaNova’s total shareholder return for the three-year period ending December 31, 2028 relative to the total shareholder returns of the S&P Healthcare Equipment Select Constituents index, as well as the achievement of specified cumulative revenue growth and adjusted earnings per share performance thresholds.
(2)Represents shares based on an assumed 100% performance achievement. Performance-based RSU awards have a minimum and maximum possible achievement level of 0% and 200%, respectively.