IQVIA Holdings EVP James G. Berkshire Exercises SARs and Sells Shares

Executive Summary

On September 4, 2026, IQVIA Holdings Inc. ($IQV) filed a Form 4 disclosing transactions by James G. Berkshire, Executive Vice President of Global Infrastructure and Operations. On September 2, 2026, the insider exercised 5,381 Stock Appreciation Rights (SARs) with an exercise price of $131.82, and subsequently disposed of all 5,381 resulting shares through an open-market sale and share disposition to cover transaction costs/taxes at prices around $261.33–$261.54 per share.

Transaction Details

1. Derivative Exercise (Code M):
   • Security: Stock Appreciation Right
   • Shares: 5,381
   • Exercise Price: $131.82
   • Expiration Date: February 13, 2029
2. Open Market Sale (Code S):
   • Shares Sold: 2,668
   • Price per Share: $261.33
   • Gross Proceeds: $697,228.44
3. Share Disposition (Code D):
   • Shares Disposed: 2,713
   • Price per Share: $261.54
   • Total Value: $709,558.02
4. Post-Transaction Holdings:
   • Shares Owned Directly: 8,177 shares

Market and Trading Assessment

• Trading Significance: Low. The transactions reflect standard executive equity compensation realization, where SARs were exercised and the acquired shares were immediately liquidated in full, leaving the insider's core direct holdings relatively unchanged prior to the grant conversion.
• Signal: Neutral / routine compensation monetization.