Form 4: Integer Holdings Director Receives Equity Grant, Aligning Interests with Shareholders

Integer Holdings Corp Director Alvin Tyrone Jeffers was granted 1,514 Restricted Stock Units (RSUs) on May 21, 2025, as part of his compensation, aligning his interests with the company's long-term performance.

Summary

• Alvin Tyrone Jeffers, a Director of Integer Holdings Corp (ITGR), reported changes in his beneficial ownership of company securities.
• On May 21, 2025, Mr. Jeffers was granted 1,514 Restricted Stock Units (RSUs).
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs are scheduled to vest in approximately equal installments on August 21, 2025, November 21, 2025, February 21, 2026, and May 19, 2026.
• Mr. Jeffers has elected to defer the settlement of the common stock underlying these RSUs until his separation from service as a director or a change in control of Integer Holdings Corp.
• Following this transaction, Mr. Jeffers beneficially owns 2,585 shares of Common Stock directly and 1,514 Restricted Stock Units directly.

Sentiment

Score: 7

Explanation: The grant of equity to a director is generally a positive sign of alignment between management and shareholders, indicating a long-term commitment. It's a routine compensation event, not indicative of major operational shifts, hence a moderately positive score.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns management's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The deferral of RSU settlement until separation from service or change in control indicates a long-term commitment from the director.

Risks

• The value of the granted Restricted Stock Units (RSUs) is subject to market fluctuations of Integer Holdings Corp's common stock.
• The deferral of RSU settlement means the director's compensation from these units is not immediately realized and depends on future events (separation or change in control).

Future Outlook

The granted Restricted Stock Units (RSUs) are scheduled to vest in approximately equal installments through May 2026, with the common stock settlement deferred until the director's separation from service or a change in control of the Issuer.

Industry Context

This Form 4 filing reflects a routine equity compensation grant to a director, a common practice across industries to incentivize long-term performance and align executive interests with shareholder value. Such grants are a standard component of corporate governance and compensation strategies in publicly traded companies.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) to a director is a standard form of equity compensation, widely used by companies across various sectors, including medical device manufacturing (Integer Holdings' industry), to attract, retain, and motivate key personnel.
• While the specific number of units (1,514 RSUs) is particular to this individual and company, the mechanism of granting time-vesting RSUs with deferred settlement is consistent with best practices in executive compensation, similar to practices observed at companies like Medtronic, Stryker, or Boston Scientific, which also utilize equity-based incentives to align director and executive interests with long-term company performance.

Corporate Governance

Stakeholder Impact

• **Shareholders:** The equity grant aligns the director's financial interests with the company's stock performance, potentially leading to decisions that enhance shareholder value.
• **Director (Alvin Tyrone Jeffers):** Receives equity compensation, which vests over time and is deferred, providing a long-term incentive tied to the company's success.

Next Steps

• The granted Restricted Stock Units (RSUs) will vest in approximately equal installments on August 21, 2025, November 21, 2025, February 21, 2026, and May 19, 2026.
• The common stock underlying the RSUs will be settled upon the director's separation from service or a change in control of Integer Holdings Corp.

Key Dates

Keywords

Integer Holdings Corp, ITGR, Form 4, SEC filing, insider ownership, Restricted Stock Units, RSUs, equity grant, director compensation, beneficial ownership