Form 4: Integer Holdings Corp Director Acquires Restricted Stock Units

Director James F. Hinrichs acquired 1,480 restricted stock units (RSUs) of Integer Holdings Corp on May 22, 2024, which will vest in installments and convert to common stock upon separation from service or a change in control.

Summary

• James F. Hinrichs, a director of Integer Holdings Corp, filed a Form 4 on May 23, 2024, reporting a transaction.
• On May 22, 2024, Hinrichs acquired 1,480 restricted stock units (RSUs) that convert into common stock on a one-for-one basis.
• The RSUs vest in equal installments on August 22, 2024, November 22, 2024, February 22, 2025, and May 20, 2025.
• Hinrichs has elected to defer settlement of the common stock underlying these RSUs until separation from service as a director or a change in control of Integer Holdings Corp.
• Following the reported transaction, Hinrichs beneficially owns 7,424 shares of Integer Holdings Corp common stock directly and 1,480 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an RSU grant to a director, which can be seen as a positive sign of alignment with shareholder interests, but it's not a major event.

Positives

• The acquisition of RSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The director has deferred settlement of the RSUs until separation from service or a change in control, indicating a long-term perspective.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the actions of company directors and officers.

Stakeholder Impact

• The acquisition of RSUs by a director could be perceived positively by shareholders, as it aligns the director's interests with the company's long-term success.

Key Dates