Form 4: Integer Holdings Corp Executive Kirk K. Thor Reports Stock Transactions

Kirk K. Thor, Chief Human Resources Officer at Integer Holdings Corp, reported the vesting and acquisition of restricted stock units and the subsequent withholding of shares for tax obligations.

Summary

• Kirk K. Thor, Chief Human Resources Officer at Integer Holdings Corp, filed a Form 4 detailing recent transactions involving the company's stock.
• On January 17, 2025, Mr. Thor was granted 1,654 restricted stock units that vest in three equal annual installments starting January 17, 2026.
• He also acquired shares through the vesting of previously granted restricted stock units on January 19, 2025 (694 shares), January 20, 2025 (816 shares), and January 21, 2025 (690 shares).
• A portion of the shares that would have been issued were withheld to cover tax obligations, specifically 427 shares on January 21, 2025 at $141 and 169 shares on January 21, 2025 at $143.16.
• Following these transactions, Mr. Thor directly owns 21,093 shares of Integer Holdings Corp common stock and 0 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative events. The transactions are routine and expected.

Positives

• The vesting of restricted stock units indicates that Mr. Thor is meeting the conditions of his compensation package.
• The grant of new restricted stock units suggests continued alignment of executive compensation with company performance.

Negatives

• The withholding of shares for tax obligations reduces the number of shares Mr. Thor ultimately receives.

Risks

• The value of the stock could fluctuate, impacting the value of the vested shares and future grants.
• Changes in tax laws could affect the net value of the shares received after tax withholdings.

Future Outlook

The document does not contain any specific forward-looking statements, but the vesting schedule of the restricted stock units indicates future vesting events.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• The vesting of restricted stock units is a standard practice for executive compensation in publicly traded companies like Integer Holdings Corp.
• Similar filings are regularly made by executives at comparable companies such as Medtronic, Boston Scientific, and Stryker, reflecting similar compensation structures.
• The tax withholding process is also standard practice to ensure compliance with tax regulations.

Stakeholder Impact

• Shareholders can monitor executive ownership and compensation through these filings.
• The transactions have a minor impact on the total number of outstanding shares.

Next Steps

• The remaining restricted stock units will continue to vest according to their respective schedules.
• Mr. Thor will likely continue to report any future transactions in Integer Holdings Corp stock.

Key Dates

Keywords

Form 4, Integer Holdings Corp, Kirk K. Thor, restricted stock units, stock vesting, executive compensation, insider trading, tax withholding