Form 4: Integer Holdings CFO Diron Smith Reports Stock Transactions

Integer Holdings Corp's EVP and CFO, Diron Smith, reported the acquisition of common stock through RSU conversions and subsequent tax-related dispositions, alongside a new RSU grant.

Summary

• Diron Smith, EVP, Chief Financial Officer of Integer Holdings Corp, reported multiple transactions involving common stock and restricted stock units (RSUs).
• Acquired a total of 3,360 shares of common stock (1,359 + 1,709 + 292) through the conversion of restricted stock units between January 17 and January 20, 2026.
• Disposed of a total of 920 shares of common stock (848 + 72) on January 19 and January 20, 2026, at prices of $85.78 and $85.15, respectively, likely for tax withholding purposes.
• Received a new grant of 7,091 restricted stock units on January 16, 2026, which will vest in three equal annual installments starting January 16, 2027.
• Following these transactions, Smith beneficially owns 10,137.83 shares of common stock directly.
• Smith also beneficially owns 11,520 restricted stock units (7,091 from the new grant, 2,719 remaining from a January 17, 2025 grant, and 1,710 remaining from a January 19, 2024 grant).

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions, including a new RSU grant which is positive for executive alignment, and tax-related dispositions which are neutral. No significant positive or negative operational news is present.

Positives

• Grant of 7,091 new restricted stock units to the CFO, aligning management's interests with long-term shareholder value.
• Conversion of previously granted restricted stock units into common stock, indicating vesting and a continued stake in the company.

Negatives

• Disposition of 920 shares of common stock, likely for tax withholding, which reduces direct share ownership.

Risks

• No specific risks mentioned in this Form 4 filing.

Future Outlook

The newly granted restricted stock units will vest in three equal annual installments beginning on January 16, 2027, indicating future equity compensation for the CFO.

Industry Context

This Form 4 is a routine insider transaction report and does not provide information directly related to broader industry trends or competitors. It reflects standard executive compensation practices involving equity grants and vesting.

Comparison to Industry Standards

• This filing details standard executive compensation practices, including restricted stock unit grants and conversions, which are common across publicly traded companies in various industries as a means to align executive incentives with shareholder interests.
• The tax-related dispositions are also a routine part of RSU vesting for executives, ensuring compliance with tax obligations upon the conversion of equity awards.

Stakeholder Impact

• Shareholders: The new RSU grant aligns the CFO's interests with long-term shareholder value. The dispositions are routine for tax purposes and do not indicate a lack of confidence.
• Employees: No direct impact on general employees.

Next Steps

• Future vesting of the 7,091 restricted stock units in three equal annual installments beginning January 16, 2027.
• Future vesting of the remaining 2,719 restricted stock units from the January 17, 2025 grant.
• Future vesting of the remaining 1,710 restricted stock units from the January 19, 2024 grant.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions for Integer Holdings Corp's CFO, Diron Smith. It includes the conversion of restricted stock units into common stock, subsequent tax-related dispositions, and a new RSU grant. These actions are standard executive compensation events and do not provide new fundamental information to warrant a change in investment recommendation. The new RSU grant is a positive for management alignment, while the dispositions are typical for tax purposes. Therefore, a 'hold' recommendation is appropriate as the filing does not present new catalysts for significant price movement.

Keywords

Integer Holdings Corp, ITGR, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Conversion, Stock Grant, Executive Compensation, Diron Smith, CFO