Form 4: Integer Holdings Corp: Executive Payman Khales Reports Stock Vesting

Payman Khales, President, C&V of Integer Holdings Corp, reports the vesting of performance-based restricted stock units and shares, along with a disposition of shares to cover tax obligations.

Summary

• On February 21, 2025, Payman Khales, President, C&V of Integer Holdings Corp, reported transactions involving Integer Holdings Corp [ITGR] common stock.
• Khales acquired 4,964 shares of common stock through the vesting of performance-based restricted stock units (PSUs) based on 3-year relative total shareholder return goals.
• An additional 5,432 shares vested due to the satisfaction of specified financial performance targets based on organic sales growth achievement for each of 2022, 2023 and 2024.
• Khales disposed of 3,463 shares to cover tax obligations at a price of $129.87 per share.
• Following these transactions, Khales directly owns 19,738 shares of Integer Holdings Corp common stock.

Sentiment

Score: 7

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

Positives

• The vesting of PSUs indicates that Integer Holdings Corp met its performance targets related to shareholder return and organic sales growth.

Negatives

• The disposition of shares to cover tax obligations resulted in a decrease in the number of shares directly owned by Khales.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Vesting of performance-based equity is a common practice to align management's interests with those of shareholders.

Stakeholder Impact

• The vesting of PSUs and meeting of performance targets could positively impact shareholder confidence.
• The transactions have a minimal direct impact on other stakeholders.

Key Dates