Form 4: Ingram Micro Executive VP Michael Zilis Reports Changes in Beneficial Ownership

Executive VP and CFO Michael Zilis reports acquisition of restricted stock units and adjustments to beneficial ownership of Ingram Micro Holding Corp shares.

Summary

• Michael Zilis, Executive VP & CFO of Ingram Micro Holding Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 3, 2025, Zilis acquired 21,746 shares of Common Stock, representing an award of restricted stock units (RSUs).
• These RSUs vest in three equal annual installments starting March 3, 2026, and ending March 3, 2028.
• Each RSU represents the right to receive one share of Common Stock upon vesting.
• Zilis directly owns 259,807 shares of Common Stock.
• Additionally, 28,250 shares are indirectly owned through the Michael and Erin Zilis Trust.
• The directly owned shares are subject to a lock-up agreement preventing sale for 180 days following October 23, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The filing reflects standard executive compensation practices and aligns management interests with shareholders. The lock-up agreement suggests a commitment to the company's long-term stability.

Positives

• The acquisition of RSUs aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to the company's success.

Future Outlook

The executive's compensation includes long-term incentives through the vesting of restricted stock units over the next three years.

Industry Context

Executive compensation packages often include stock-based awards to align management's interests with shareholder value. Vesting schedules are common to incentivize long-term commitment.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies to incentivize executives.
• Vesting schedules, like the three-year annual installment plan for Zilis' RSUs, are typical to ensure continued service.
• Lock-up agreements are also common, particularly after significant corporate events, to prevent large-scale selling that could destabilize the stock price.

Stakeholder Impact

• Shareholders: The RSU award aligns executive interests with shareholder value.
• Employees: The filing provides transparency into executive compensation.
• Creditors: No direct impact.

Key Dates