Form 4: Integer Holdings Corp Director Pamela G. Bailey Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Pamela G. Bailey reports the acquisition of 1,974 restricted stock units (RSUs) of Integer Holdings Corp.
Summary
- On May 22, 2024, Pamela G. Bailey, a director of Integer Holdings Corp, acquired 1,974 restricted stock units (RSUs).
- These RSUs 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.
- Bailey 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 the Issuer.
- Following the transaction, Bailey directly owns 51,266 shares of Integer Holdings Corp common stock and 1,974 RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of an RSU grant to a director, which is neither particularly positive nor negative.
Positives
- The acquisition of RSUs by a director signals confidence in the company's future performance.
Future Outlook
The director has deferred settlement of the common stock underlying the RSUs until separation from service or a change in control, indicating a long-term perspective.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it indicates insider confidence.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of RSU grant |
| 08/22/2024 | First vesting date of RSUs |
| 11/22/2024 | Second vesting date of RSUs |
| 02/22/2025 | Third vesting date of RSUs |
| 05/20/2025 | Final vesting date of RSUs |
| 05/23/2024 | Date of Form 4 filing |
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