Form 4: Integer Holdings Executive Converts RSUs, Sells for Tax

Integer Holdings Corp's EVP of Quality and Regulatory Affairs, Terence Carr, converted restricted stock units into common stock, with a portion sold for tax purposes.

Summary

• Terence Carr, EVP, Quality & Regulatory Affairs at Integer Holdings Corp, converted 1,350 Restricted Stock Units (RSUs) into common stock on March 24, 2026.
• Following the conversion, 398 shares of common stock were disposed of at a price of $86.19 per share to cover tax liabilities.
• Carr's direct beneficial ownership of common stock increased by a net of 952 shares after the conversion and tax-related sale.
• The reporting person now directly owns 952 shares of common stock.
• Carr continues to beneficially own 2,702 Restricted Stock Units, which will vest in future installments.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. It's a routine compensation transaction, but the executive's net direct ownership of common stock increased, which can be seen as a minor positive signal of continued alignment with shareholder interests.

Positives

• The executive exercised 1,350 Restricted Stock Units, indicating a realization of compensation and continued participation in the company's equity.
• Despite a tax-related sale, the executive's direct beneficial ownership of common stock increased by a net of 952 shares, demonstrating a net accumulation of company stock.

Negatives

• A portion of the acquired common stock (398 shares) was sold to cover tax obligations, which reduces the total number of shares held directly by the executive.

Future Outlook

The remaining 2,702 Restricted Stock Units held by Terence Carr are expected to vest in future equal annual installments, following the initial vesting on March 24, 2026.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, common in executive compensation structures where Restricted Stock Units (RSUs) vest and are converted into common stock. The subsequent sale of shares for tax withholding is a standard practice and does not typically signal a change in management's outlook or company fundamentals, aligning with typical compensation practices across the medical device manufacturing industry.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation event. The net increase in direct common stock ownership by an executive may be viewed positively as it aligns management's interests with shareholders.
• Employees: No direct impact mentioned.

Next Steps

• Future vesting of the remaining 2,702 Restricted Stock Units in equal annual installments.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the conversion of Restricted Stock Units and a subsequent tax-related sale. Such transactions are common for executive compensation and typically do not provide a strong signal for a 'buy' or 'sell' recommendation. The net increase in direct common stock ownership is a minor positive, but not significant enough to alter a broader investment thesis. Therefore, a 'hold' recommendation is appropriate as the filing does not present new information that would fundamentally change the company's outlook or valuation.

Keywords

Integer Holdings Corp, ITGR, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Executive Compensation, Stock Sale, Tax Withholding