Form 4: Integer Holdings CEO Joseph Dziedzic Settles Performance Stock Units, Meets Key Stock Price Milestone

Integer Holdings Corp's President and CEO, Joseph W. Dziedzic, has settled performance restricted stock units (PRSUs) into common stock, indicating the achievement of a significant stock price performance milestone.

Summary

• Joseph W. Dziedzic, President & CEO and Director of Integer Holdings Corp (ITGR), acquired 36,202 shares of common stock on June 11, 2025, through the settlement of performance restricted stock units (PRSUs).
• These PRSUs, granted on March 11, 2022, vested on June 11, 2024, after satisfying both a two-year service-based condition and a stock price performance condition.
• The stock price performance condition required the company's common stock to meet or exceed a milestone of $120.00 per share, based on the average closing price over a 20-consecutive trading day period.
• Following the settlement, Mr. Dziedzic disposed of 13,395 shares of common stock at a price of $120.03 per share to cover tax liabilities associated with the vesting and settlement.
• After these transactions, Mr. Dziedzic beneficially owns 45,807 shares of Integer Holdings Corp common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 8

Explanation: The report indicates the successful achievement of performance targets for executive compensation, specifically a stock price milestone, which is a positive signal for the company's performance and value creation.

Positives

• The vesting of 36,202 performance restricted stock units (PRSUs) for the CEO indicates that Integer Holdings Corp successfully met its stock price performance milestone of $120.00 per share, demonstrating strong company performance and value creation.
• The achievement of the stock price target suggests effective management and positive market perception of the company's value.

Negatives

• The disposition of 13,395 shares for tax withholding, while a standard practice, slightly reduces the CEO's direct beneficial ownership in the company.

Future Outlook

The document primarily reports past transactions and the achievement of previously set performance targets, rather than providing explicit forward-looking statements or guidance.

Management Comments

• The transactions reflect the successful achievement of performance targets set for executive compensation, specifically a stock price milestone of $120.00 per share, and a two-year service-based vesting condition.

Industry Context

This Form 4 filing details an individual executive's stock transactions related to compensation, which is a standard disclosure for publicly traded companies. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The vesting of performance-based awards tied to a stock price milestone is generally positive for shareholders, as it indicates that the company's stock has performed well and management incentives are aligned with shareholder value creation.

Key Dates

Recommendation

Keywords

Integer Holdings Corp, ITGR, SEC Form 4, Insider Trading, Joseph W. Dziedzic, CEO, Performance Restricted Stock Units, PRSU, Stock Vesting, Executive Compensation, Stock Transaction, Tax Withholding, Rule 10b5-1