Form 4: Zimmer Biomet Executive Chad F. Phipps Reports Stock Transactions

Chad F. Phipps, a Senior VP/General Counsel/Secretary at Zimmer Biomet Holdings, Inc., reported the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On March 6, 2025, Chad F. Phipps, a Senior VP/General Counsel/Secretary at Zimmer Biomet Holdings, Inc., had 2,094 restricted stock units (RSUs) vest.
• Phipps surrendered 2,094 shares related to the vesting of these RSUs.
• The company withheld 824 shares to cover tax obligations at a price of $104.86 per share.
• Following these transactions, Phipps directly owns 60,038 shares of Zimmer Biomet Holdings, Inc.
• Phipps also directly owns 2,094 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It allows investors to monitor the actions of key personnel and their alignment with company performance.

Stakeholder Impact

• The transactions reported have a minor impact on shareholders as they reflect standard executive compensation and tax withholding.

Key Dates