Form 4: Director Donald J. Spence Receives RSU Grant at Integer
Statement of Changes in Beneficial Ownership
Integer Holdings Corp director Donald J. Spence was granted 2,623 restricted stock units as part of standard equity compensation.
Summary
- Director Donald J. Spence acquired 2,623 restricted stock units (RSUs) on May 20, 2026.
- The RSUs convert to common stock on a one-for-one basis.
- The reporting person has elected to defer settlement of the underlying common stock until separation from service or a change in control.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified.
Risks
- None identified.
Future Outlook
The RSUs vest in four equal installments between August 2026 and May 2027, with settlement deferred until the director's separation from service or a change in control.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure board members maintain a vested interest in the company's long-term performance.
Comparison to Industry Standards
- The grant of RSUs to directors is consistent with standard compensation practices for mid-cap medical device companies.
- The deferral election is a common tax and estate planning strategy utilized by board members in similar publicly traded entities.
Stakeholder Impact
- Minimal impact on shareholders as this represents standard director compensation.
Next Steps
- Vesting of RSU installments beginning August 20, 2026.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Date of RSU grant transaction. |
| 08/20/2026 | First vesting installment. |
| 11/20/2026 | Second vesting installment. |
| 02/20/2027 | Third vesting installment. |
| 05/18/2027 | Final vesting installment. |
Keywords
Integer Holdings Corp, ITGR, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction
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