Form 4: Integer Holdings EVP Diron Smith Reports Stock Transactions Following PSU Vesting

Diron Smith, EVP and CFO of Integer Holdings Corp, reports the acquisition of common stock following the vesting of performance-based restricted stock units (PSUs) and the disposition of shares to cover tax obligations.

Summary

• Diron Smith, the EVP and Chief Financial Officer of Integer Holdings Corp, filed a Form 4 on February 25, 2025, reporting transactions related to the company's common stock.
• On February 21, 2025, Smith acquired 686 shares of common stock due to the vesting of performance-based restricted stock units (PSUs) based on 3-year relative total shareholder return goals.
• An additional 752 shares were acquired on the same date due to the vesting of PSUs based on the achievement of specified financial performance targets related to organic sales growth for 2022, 2023, and 2024.
• Also on February 21, 2025, 351 shares were disposed of at a price of $129.87 to cover tax obligations.
• Following these transactions, Smith directly owns 5,225 shares of Integer Holdings Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of PSUs suggests the company is meeting performance goals, while the sale of shares for tax purposes is a normal occurrence.

Positives

• The vesting of PSUs indicates that Integer Holdings Corp met certain performance targets related to shareholder return and organic sales growth.
• Smith's continued direct ownership of 5,225 shares demonstrates ongoing investment in the company.

Negatives

• The disposition of 351 shares, while for tax obligations, slightly reduces Smith's overall holdings.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign, indicating the company is achieving its performance targets.
• The transactions have a minimal impact on the overall market capitalization of Integer Holdings Corp.

Key Dates