Form 4: Integer Holdings Corp CEO Exercises Stock Options, Sells Shares to Cover Costs

Integer Holdings Corp's CEO, Joseph W. Dziedzic, exercised stock options and sold a portion of the acquired shares to cover the associated costs on January 2, 2025.

Summary

• Joseph W. Dziedzic, the President and CEO of Integer Holdings Corp, exercised 2,877 stock options on January 2, 2025, at a price of $45.39 per share.
• Following the exercise, 984 shares were withheld by the issuer to cover the cost of the stock options at a price of $132.76 per share.
• The CEO now beneficially owns 224,212 shares of Integer Holdings Corp common stock after the transaction.
• The stock options that were exercised vested 25% on the first day of each fiscal quarter in 2015.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is neither particularly positive nor negative, but rather a standard process.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the CEO's exercise of vested stock options.

Comparison to Industry Standards

• Stock option exercises and subsequent share sales to cover costs are standard practice for executives in publicly traded companies.
• The vesting schedule of 25% per fiscal quarter in 2015 is a common vesting structure for stock options.
• The transaction is similar to those of other executives at comparable companies such as Medtronic (MDT) and Boston Scientific (BSX), where stock options are a part of executive compensation packages.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small sale of shares to cover costs.

Key Dates

Keywords

stock options, insider trading, executive compensation, share ownership, Integer Holdings Corp, ITGR