Form 4: Integer Holdings Corp: Executive Receives Restricted Stock Units

Lindsay K. Blackwood, SVP, Gen Counsel & Secretary of Integer Holdings Corp, was granted restricted stock units on March 24, 2025.

Summary

• On March 24, 2025, Lindsay K. Blackwood, SVP, Gen Counsel & Secretary of Integer Holdings Corp, received grants of restricted stock units (RSUs).
• The first grant was for 3,413 RSUs, vesting in two equal annual installments starting March 24, 2026.
• The second grant was for 5,333 RSUs, vesting in three equal annual installments starting March 24, 2026.
• The RSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing long-term performance.

Future Outlook

The executive will receive shares of Integer Holdings Corp common stock as the restricted stock units vest over the next two to three years, contingent on continued employment.

Industry Context

Granting restricted stock units is a common practice in corporate governance to incentivize executives and align their interests with shareholders. The vesting schedules are typical for such grants.

Comparison to Industry Standards

• Companies like Medtronic (MDT) and Boston Scientific (BSX) also use restricted stock units as part of their executive compensation packages.
• Vesting schedules of two to three years are standard in the medical device industry for RSU grants.
• The size of the grant is likely determined by a number of factors including the executive's role, performance, and overall compensation package, which is typical across the industry.

Stakeholder Impact

• Shareholders may view the RSU grants positively as they incentivize executive performance.
• The executive benefits from the potential future value of the stock units.

Key Dates

Keywords

Restricted Stock Units, RSU, Integer Holdings Corp, Executive Compensation, Form 4, ITGR, Blackwood, Equity