Form 4: Integer Holdings Director Donald J. Spence Acquires Restricted Stock Units

Director Donald J. Spence acquired 1,480 restricted stock units of Integer Holdings Corp on May 22, 2024, which will vest in installments and convert to common stock.

Summary

• On May 22, 2024, Donald J. Spence, a director of Integer Holdings Corp, acquired 1,480 restricted stock units (RSUs).
• These RSUs will vest in equal installments on August 22, 2024, November 22, 2024, February 22, 2025, and May 20, 2025.
• The RSUs convert into common stock on a one-for-one basis.
• Spence has elected to defer settlement of the common stock underlying these RSUs until separation from service as a director or a change in control of the Issuer.
• Following the reported transaction, Spence beneficially owns 18,781 shares of common stock directly and 1,480 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of RSU grants to a director. The deferred settlement indicates a long-term view, which is mildly positive.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The director's deferred settlement of RSUs until separation from service or a change in control suggests a long-term commitment to the company.

Industry Context

Form 4 filings are routine disclosures that provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, encouraging long-term value creation.

Key Dates