Form 4: Integer Holdings Officer's Stock Vesting & Sale

Integer Holdings Corp President, CRM & Neuro, Jim Stephens, reported the vesting of performance-based restricted stock units and a subsequent sale for tax purposes.

Summary

• Jim Stephens, President, CRM & Neuro at Integer Holdings Corp (ITGR), reported transactions involving common stock.
• He acquired 2,691 shares of common stock on February 20, 2026, through the vesting of performance-based restricted stock units (PSUs).
• These PSUs vested because specified financial performance targets, based on organic sales growth for 2023, 2024, and 2025, were met.
• Concurrently, he disposed of 656 shares of common stock on February 20, 2026, at a price of $84.85 per share, likely for tax withholding related to the PSU vesting.
• Following these transactions, Jim Stephens directly beneficially owns 4,368 shares of Integer Holdings Corp common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as the vesting of performance-based units confirms the company met its organic sales growth targets for multiple prior years, indicating solid operational execution.

Positives

• The vesting of 2,691 performance-based restricted stock units indicates that Integer Holdings Corp met its specified financial performance targets for organic sales growth for the years 2023, 2024, and 2025.

Negatives

• Jim Stephens disposed of 656 shares of common stock, reducing his direct beneficial ownership, although this was likely for tax purposes related to the PSU vesting.

Future Outlook

The filing indicates that performance targets for organic sales growth for 2023, 2024, and 2025 were met, which is a backward-looking achievement rather than a forward-looking statement. No explicit future outlook or guidance is provided.

Management Comments

• Represents the vesting of performance-based restricted stock units ('PSU') that have vested based upon the satisfaction of specified financial performance targets based upon organic sales growth achievement for each of 2023, 2024 and 2025. The criteria for the vesting of these PSUs into shares has been met.

Industry Context

StockSavvy.ai notes that the successful vesting of performance-based compensation for an executive like Jim Stephens, tied to organic sales growth, suggests that Integer Holdings Corp has been executing well against its strategic objectives in a competitive medical device and component manufacturing industry. This aligns with a focus on internal growth drivers.

Comparison to Industry Standards

• The vesting of performance-based restricted stock units (PSUs) is a common executive compensation practice across industries, including the medical technology sector.
• Tying PSU vesting to specific financial performance targets like organic sales growth is a standard approach to align executive incentives with shareholder value creation, similar to practices at peers like Medtronic or Stryker, which often use metrics such as revenue growth, EPS, or total shareholder return for long-term incentive plans.
• The disposition of shares for tax withholding (transaction code 'F') is also a routine event following the vesting of equity awards, consistent with practices observed at most publicly traded companies.

Related Party Transactions

• The acquisition of shares through PSU vesting is a transaction between an officer (Jim Stephens) and the company (Integer Holdings Corp), which is a related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: May view the successful achievement of performance targets for PSU vesting as a positive indicator of management effectiveness and company performance.
• Employees: The executive's compensation structure, tied to performance, can serve as a model or motivator for other employees.

Key Dates

Recommendation

This Form 4 filing primarily reports routine executive compensation events (PSU vesting and tax-related share disposition) and does not contain sufficient information to warrant a change in investment recommendation. While the successful vesting indicates past performance, it doesn't provide new forward-looking financial data or strategic shifts that would significantly alter the investment thesis.

Keywords

Integer Holdings Corp, ITGR, Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, PSU, Executive Compensation, Jim Stephens, Organic Sales Growth