Form 4: ZimVie Director Richard Kuntz Accrues Additional Deferred Share Units

ZimVie Inc. Director Richard Kuntz has accrued an additional 1,340.909 deferred share units under the company's non-employee director compensation plan, bringing his total beneficial ownership to 12,410.656 units.

Summary

• Richard Kuntz, a Director of ZimVie Inc. (ZIMV), accrued 1,340.909 Deferred Share Units (DSUs) on June 30, 2025.
• These DSUs were accrued under the ZimVie Inc. Deferred Compensation Plan for Non-Employee Directors.
• Each DSU converts to one share of Common Stock, with a conversion price of 1-for-1.
• The units are to be settled in cash after Richard Kuntz ceases his service as a Director.
• Following this transaction, Richard Kuntz beneficially owns a total of 12,410.656 Deferred Share Units.

Sentiment

Score: 6

Explanation: The accrual of deferred share units by a director is generally a neutral to slightly positive event, as it aligns director interests with the company's performance, even if the settlement is in cash. It's a routine compensation disclosure.

Positives

• Director Richard Kuntz is increasing his beneficial ownership in the company through the accrual of deferred share units, aligning his interests with shareholders.
• The accrual is part of a structured deferred compensation plan for non-employee directors, indicating a standard governance practice.

Negatives

• The deferred share units will be settled in cash upon cessation of service, rather than directly in equity, which means the director will not hold common stock directly from these units.
• The 'Price of Derivative Security' is $0, as these are accrued compensation units, not purchased shares.

Future Outlook

The deferred share units are structured to be settled in cash after Richard Kuntz ceases his service as a Director, indicating a future payout mechanism tied to his tenure.

Industry Context

This filing reflects standard compensation practices for non-employee directors in publicly traded companies, where deferred equity-linked units are often used to align director interests with long-term shareholder value without immediate stock issuance.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) as part of non-employee director compensation is a common practice across various industries, including the medical technology sector where ZimVie operates.
• Companies like Stryker Corporation (SYK) and Zimmer Biomet Holdings, Inc. (ZBH) often utilize similar equity-based or equity-linked compensation structures for their independent directors to foster long-term alignment and retention.
• The 1-for-1 conversion to common stock is standard for such units, though the cash settlement upon cessation of service is a specific plan feature that varies among companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The accrual of DSUs by a director can be seen as a positive signal of alignment between management/board and shareholder interests, as the value of the units is tied to the company's stock performance.

Next Steps

• The deferred share units will be settled in cash upon the cessation of Richard Kuntz's service as a Director.

Key Dates

Recommendation

Keywords

ZimVie Inc., ZIMV, SEC Form 4, Insider Transaction, Director Compensation, Deferred Share Units, Equity Compensation, Corporate Governance, Richard Kuntz