Form 4: Integer Holdings Corp Officer Reports Stock Transactions
Statement of Changes in Beneficial Ownership
An Integer Holdings Corp executive has reported transactions involving company stock, including vesting of performance-based restricted stock units.
Summary
- Tommy P. Thomas, VP, Corporate Controller at Integer Holdings Corp (ITGR), reported transactions involving the company's common stock.
- On February 21, 2025, Thomas acquired 858 shares due to the vesting of performance-based restricted stock units (PSUs) based on 3-year relative total shareholder return goals.
- An additional 940 shares were acquired on the same date, also from PSUs, vested due to the achievement of organic sales growth targets for 2022, 2023, and 2024.
- Thomas also disposed of 650 shares at a price of $129.87, likely to cover taxes associated with the vesting of the PSUs.
- Following these transactions, Thomas directly owns 4,480 shares of Integer Holdings Corp.
Sentiment
Score: 7
Explanation: The sentiment is slightly positive, as the vesting of PSUs indicates the achievement of performance goals.
Positives
- Performance-based stock units vested, indicating the company met its 3-year relative total shareholder return goals.
- Additional performance-based stock units vested, showing the achievement of organic sales growth targets for 2022, 2023, and 2024.
Negatives
- There are no explicitly negative aspects to this standard SEC filing.
Risks
- There are no specific risks detailed in this SEC filing, which is standard for a Form 4.
Future Outlook
The document does not contain any explicit forward-looking statements.
Industry Context
This announcement is a standard SEC Form 4 filing, common for publicly traded companies when insiders conduct transactions with company stock. It reflects standard compensation practices within the industry.
Comparison to Industry Standards
- The vesting of PSUs based on performance metrics is a common practice in executive compensation across various industries.
- The specific metrics, such as total shareholder return and organic sales growth, are also frequently used benchmarks.
Stakeholder Impact
- Shareholders may view the vesting of PSUs positively, as it aligns executive compensation with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of the reported transactions, including PSU vesting and share disposal. |
| 02/25/2025 | Signature date of the SEC filing. |
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