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

Kirk K. Thor, Chief Human Resources Officer of Integer Holdings Corp, reports the acquisition of common stock due to the vesting of performance-based restricted stock units (PSUs) and the disposition of shares to cover tax obligations.

Summary

• Kirk K. Thor, Chief Human Resources Officer at Integer Holdings Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 21, 2025, Thor acquired 3,782 shares of common stock due to the vesting of performance-based restricted stock units (PSUs) based on 3-year relative total shareholder return goals.
• An additional 4,136 shares were acquired on the same date due to the vesting of PSUs based on the satisfaction of specified financial performance targets based upon organic sales growth achievement for each of 2022, 2023 and 2024.
• Thor also disposed of 2,322 shares of common stock at a price of $129.87 to cover tax obligations.
• Following these transactions, Thor directly owns 26,689 shares of Integer Holdings Corp.
• The filing indicates that the vesting criteria for the PSUs have been met.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The vesting of PSUs suggests the company is meeting performance goals. The sale of shares is for tax purposes, which is a normal occurrence.

Positives

• The vesting of PSUs indicates that Integer Holdings Corp has met certain performance targets related to shareholder return and organic sales growth.
• Thor's continued direct ownership of 26,689 shares demonstrates a continued investment in the company's success.

Negatives

• The disposal of 2,322 shares, while for tax obligations, represents a slight decrease in Thor's holdings.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency into the trading activities of company executives. The vesting of PSUs is a common form of executive compensation tied to company performance.

Stakeholder Impact

• Shareholders may view the PSU vesting as a positive sign of company performance.
• Employees may be motivated by the achievement of performance targets linked to PSU vesting.

Key Dates