Form 4: Zebra Technologies CFO Nathan Winters Reports Acquisition of Shares and Stock Appreciation Rights

CFO of Zebra Technologies, Nathan Winters, reports the acquisition of 815 shares of Class A Common Stock and adjustments to existing stock appreciation rights.

Summary

• On February 5, 2025, Nathan Andrew Winters, CFO of Zebra Technologies, reported acquiring 815 shares of Class A Common Stock.
• This acquisition resulted in Mr. Winters beneficially owning 12,236 shares of Class A Common Stock.
• The acquisition was related to previously unreportable performance-based restricted stock (PVRS) granted on May 5, 2022, which vested based on a three-year performance period ending December 31, 2024.
• The number of shares resulting from the PVRS grant was determined on February 5, 2025, and the PVRS will vest on May 5, 2025.
• Mr. Winters also holds stock appreciation rights (SARs) with varying exercise prices and vesting schedules.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The CFO acquiring shares suggests confidence in the company. The vesting of PVRS indicates that performance targets were likely met.

Positives

• The acquisition of shares indicates confidence from the CFO in the company's performance.
• The vesting of performance-based restricted stock suggests that performance targets were met.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of PVRS on May 5, 2025, is a future event.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency regarding insider transactions.
• Companies like Honeywell, Datalogic, and Intermec (now part of Honeywell) also have executives who regularly file Form 4s to report similar transactions.
• The vesting of performance-based restricted stock is a common compensation practice among publicly traded companies to align executive incentives with company performance, similar to practices at Cognex and SICK AG.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider ownership.
• The vesting of PVRS may have a positive impact on employee morale, as it indicates that performance goals were achieved.

Next Steps

• The PVRS shares will vest on May 5, 2025.

Key Dates