Form 4: Integer Holdings Corp Executive Senn Reports Stock Transactions Following PSU Vesting

Andrew Senn, SVP at Integer Holdings Corp, reports the vesting of performance-based restricted stock units (PSUs) and subsequent tax withholding.

Summary

• Andrew Senn, SVP of Strategy and Business Development at Integer Holdings Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 21, 2025, Senn acquired 1,912 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 2,088 shares were acquired on the same date due to the vesting of PSUs based on the satisfaction of specified financial performance targets related to organic sales growth for 2022, 2023, and 2024.
• Also on February 21, 2025, 1,225 shares were disposed of at a price of $129.87, likely to cover tax obligations.
• Following these transactions, Senn beneficially owns 9,408 shares of Integer Holdings Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects positive performance as PSUs vested due to the achievement of performance targets. The sale of shares is likely for tax purposes and doesn't necessarily indicate negative sentiment.

Positives

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

Negatives

• The disposal of 1,225 shares, while likely for tax purposes, represents a reduction in Senn's direct holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Vesting of PSUs is a common form of executive compensation tied to company performance.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign, indicating that the company is meeting its performance goals.
• The transactions have a minor impact on the overall shareholding structure.

Key Dates