Form 4: Zimmer Biomet Director Louis Shapiro Reports Acquisition of Phantom Stock Units

Director Louis Shapiro reports acquiring phantom stock units in Zimmer Biomet Holdings, Inc. through a deferred compensation plan.

Summary

• On September 30, 2024, Louis Shapiro, a director of Zimmer Biomet Holdings, Inc., acquired 127.598 phantom stock units.
• These units were accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors.
• The conversion price is 1-for-1, and the units will be settled in shares of company common stock within sixty days after Shapiro's service as a director ends.
• Following the transaction, Shapiro beneficially owns 976.202 phantom stock units.
• This amount includes 1.549 phantom stock units accrued on July 31, 2024, under the dividend reinvestment provision of the same plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider alignment with company performance.

Future Outlook

The phantom stock units will be settled in shares of Company common stock within sixty days after cessation of the reporting person's service as a Director.

Industry Context

This filing reflects standard compensation practices for non-employee directors, utilizing deferred compensation plans and phantom stock units to align director interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates