Form 4: Integer Holdings Director Filippo Passerini Receives 1,514 Restricted Stock Units

Integer Holdings Corp Director Filippo Passerini was granted 1,514 restricted stock units (RSUs) on May 21, 2025, as part of his compensation, increasing his beneficial ownership to 29,147 shares.

Summary

• Filippo Passerini, a Director of Integer Holdings Corp (ITGR), acquired 1,514 shares of Common Stock on May 21, 2025.
• This acquisition represents a grant of restricted stock units (RSUs) at a price of $0.
• The RSUs will convert into common stock on a one-for-one basis.
• Vesting will occur in approximately equal installments on August 21, 2025, November 21, 2025, February 21, 2026, and May 19, 2026.
• Following this transaction, Filippo Passerini beneficially owns 29,147 shares of Common Stock.

Sentiment

Score: 7

Explanation: The grant of RSUs to a director is a positive signal of continued alignment of interests and retention of key personnel, which is generally viewed favorably by investors as a standard compensation practice.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• This is a standard form of executive and director compensation, indicating ongoing commitment and retention of key personnel.

Negatives

• No specific negative aspects are directly indicated by this Form 4 filing, as it primarily reports a routine compensation grant.

Risks

• No specific risks are mentioned in this Form 4 filing, which is a transactional report.

Future Outlook

The restricted stock units granted to Director Filippo Passerini are subject to a future vesting schedule, with installments converting into common stock on August 21, 2025, November 21, 2025, February 21, 2026, and May 19, 2026, indicating a future alignment of interests.

Industry Context

This Form 4 filing reports a routine compensation event for a director, which is a common practice across various industries to incentivize and retain key leadership by aligning their financial interests with the long-term performance of the company's stock.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders, potentially leading to better long-term performance. It also represents a minor dilution upon vesting, though this is standard for equity compensation.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• Vesting of 1,514 restricted stock units in approximately equal installments on August 21, 2025, November 21, 2025, February 21, 2026, and May 19, 2026.

Key Dates

Recommendation

Keywords

Integer Holdings Corp, ITGR, SEC Form 4, Restricted Stock Units, RSUs, Director Compensation, Insider Ownership, Stock Grant, Filippo Passerini