Form 4: Integer Holdings CEO Joseph Dziedzic Reports Stock Transactions Following Vesting of Restricted Stock Units

Integer Holdings CEO Joseph Dziedzic reported the acquisition of common stock through the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.

Summary

• Joseph Dziedzic, the President and CEO of Integer Holdings Corp, reported several transactions involving the company's common stock.
• These transactions occurred between January 19, 2025, and January 21, 2025.
• The transactions involved the vesting of restricted stock units (RSUs) and the subsequent sale of some shares to cover tax liabilities.
• On January 17, 2025, Mr. Dziedzic was granted 14,184 restricted stock units that vest in three equal annual installments starting January 17, 2026.
• The vesting of RSUs resulted in the acquisition of 5,876 shares on January 19, 2025, 8,235 shares on January 20, 2025, and 7,662 shares on January 21, 2025.
• A total of 4,540 shares were sold at $141 per share and 3,015 shares were sold at $143.16 per share to cover tax obligations related to the vesting of the RSUs.
• Following these transactions, Mr. Dziedzic directly owns 238,430 shares of Integer Holdings Corp.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions related to stock-based compensation. There is no indication of positive or negative sentiment, it is a neutral event.

Positives

• The vesting of restricted stock units indicates that the CEO is meeting performance targets or time-based vesting requirements.
• The CEO's continued ownership of a significant number of shares aligns his interests with those of other shareholders.

Negatives

• The sale of shares to cover tax obligations, while common, slightly reduces the CEO's direct shareholding.

Risks

• The sale of shares by the CEO, even for tax purposes, could be perceived negatively by some investors if not understood in context.
• Future vesting events could lead to further sales of shares by the CEO, potentially impacting the stock price.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure of insider transactions. It is common for executives to receive stock-based compensation and to sell shares to cover tax obligations upon vesting.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units is typical for executive compensation packages in publicly traded companies.
• The sale of shares to cover tax obligations is a common practice among executives who receive stock-based compensation.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for corporate insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the CEO's compensation and tax obligations.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Integer Holdings, Joseph Dziedzic, restricted stock units, stock transactions, SEC Form 4, insider trading, vesting, executive compensation