Form 4: Integer Holdings Director Cheryl C. Capps Receives Equity Grant

Integer Holdings Corp. Director Cheryl C. Capps was granted 1,514 restricted stock units, increasing her beneficial ownership to 10,102 shares, aligning her interests with shareholders.

Summary

• Cheryl C. Capps, a Director of Integer Holdings Corp. (ITGR), was granted 1,514 restricted stock units (RSUs) on May 21, 2025.
• The RSUs were granted at a price of $0, which is typical for equity compensation.
• Following this transaction, Ms. Capps beneficially owns 10,102 shares of Integer Holdings Corp. Common Stock.
• The RSUs will convert into common stock on a one-for-one basis and are subject to vesting in approximately equal installments on August 21, 2025, November 21, 2025, February 21, 2026, and May 19, 2026.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the equity grant aligns the director's interests with shareholders, which is generally viewed favorably for corporate governance and long-term value creation. It's a routine, expected event, so not highly impactful on its own.

Positives

• The grant of restricted stock units aligns the director's financial interests with those of the company's shareholders, incentivizing long-term performance.
• Equity compensation is a common and effective way to retain and motivate key personnel.

Negatives

• No specific negative aspects are identified in this routine equity grant.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing, as it primarily reports an insider transaction.

Future Outlook

The future outlook involves the vesting of the granted restricted stock units in approximately equal installments on specific dates through May 2026, which will convert them into common stock.

Industry Context

The grant of restricted stock units to a director is a standard practice in corporate governance across various industries, serving as a form of long-term incentive compensation to align the interests of directors with shareholders.

Comparison to Industry Standards

• The grant of restricted stock units (RSUs) as a form of director compensation is a widely adopted practice among publicly traded companies, including those in the medical device and manufacturing sectors where Integer Holdings Corp. operates.
• This type of equity award is comparable to compensation structures seen at companies like Medtronic, Stryker, or Boston Scientific, which frequently use RSUs to incentivize long-term performance and retention of their board members and executives.
• The vesting schedule, spread over approximately one year, is also a common approach to ensure continued commitment and performance from the director.

Corporate Governance

Related Party Transactions

• The grant of 1,514 restricted stock units to Cheryl C. Capps, a Director of Integer Holdings Corp., constitutes a related party transaction as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with shareholders, potentially leading to better long-term decision-making focused on increasing shareholder value.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The granted restricted stock units will vest in approximately equal installments on August 21, 2025, November 21, 2025, February 21, 2026, and May 19, 2026.
• Upon vesting, the RSUs will convert into common stock on a one-for-one basis.

Key Dates

Keywords

Integer Holdings Corp, ITGR, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Equity Compensation, Director Compensation, Cheryl C. Capps