Form 4: Integer Holdings Corp Executive Andrew Senn Reports Stock Transactions
SEC Form 4 Filing
Andrew Senn, SVP of Strategy and Business Development at Integer Holdings Corp, reported the acquisition of common stock through the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations.
Summary
- Andrew Senn, a Senior Vice President at Integer Holdings Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The transactions include the acquisition of common stock through the vesting of restricted stock units on January 19, 2025, January 20, 2025 and January 21, 2025.
- A total of 2,935 shares were acquired through the vesting of restricted stock units.
- Shares were also withheld to cover tax obligations related to the vesting of the restricted stock units, with 853 shares withheld at $141 per share and 107 shares withheld at $143.16 per share.
- Following these transactions, Mr. Senn directly owns 6,633 shares of Integer Holdings Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects routine insider transactions related to stock-based compensation. It is a neutral event with no significant positive or negative implications for the company's performance.
Positives
- The vesting of restricted stock units indicates that Mr. Senn is meeting the conditions of his compensation package.
- The increase in direct ownership of shares aligns his interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance and provide transparency into the trading activities of company insiders. This filing is typical for executives receiving stock-based compensation.
Comparison to Industry Standards
- The vesting schedule of the restricted stock units, with three equal annual installments, is a common practice in executive compensation packages.
- The withholding of shares to cover tax obligations is also a standard procedure in stock-based compensation.
Stakeholder Impact
- The transactions have a minor positive impact on shareholders as it aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/21/2022 | Date of grant for 1,044 restricted stock units, vesting in three equal installments beginning on January 21, 2023. |
| 01/20/2023 | Date of grant for 6,670 restricted stock units, vesting in three equal installments beginning on January 20, 2024. |
| 01/19/2024 | Date of grant for 1,089 restricted stock units, vesting in three equal installments beginning on January 19, 2025. |
| 01/17/2025 | Date of grant for 1,891 restricted stock units, vesting in three equal annual installments beginning on January 17, 2026. |
| 01/19/2025 | Vesting of 363 restricted stock units. |
| 01/20/2025 | Vesting of 2,224 restricted stock units. |
| 01/21/2025 | Vesting of 348 restricted stock units and withholding of shares for tax obligations. |
| 01/22/2025 | Date of filing of the Form 4. |
Keywords
Form 4, Integer Holdings Corp, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Andrew Senn, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.