Form 4: ZimVie Inc. Director David King Reports Acquisition of Deferred Share Units and Restricted Stock Units

Director David King reports acquisition of deferred share units and restricted stock units in ZimVie Inc.

Summary

• On May 15, 2024, David King, a director of ZimVie Inc., reported the acquisition of 500 deferred share units and 14,882 restricted stock units.
• The deferred share units were accrued under the company's Deferred Compensation Plan for Non-Employee Directors.
• These units will be settled in shares of ZimVie Inc. common stock within 60 days after King's service as a director ends.
• The restricted stock units are immediately 100% vested but subject to mandatory deferral until the later of King's termination of service or three years after the grant date.
• Following these transactions, King beneficially owns 31,267.568 deferred share units and 49,474 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock unit acquisitions, with no inherent positive or negative sentiment.

Positives

• The acquisition of deferred share units and restricted stock units aligns the director's interests with the company's long-term performance.
• The vesting and deferral terms of the restricted stock units encourage long-term commitment from the director.

Future Outlook

The deferred share units will be settled in shares of Company common stock within sixty days after cessation of the reporting person's service as a Director. The Restricted Stock Units are immediately 100% vested and will be subject to mandatory deferral until the later of (1) the reporting person's termination of service as a Director or (2) the date that is three years after the grant date.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units to align their interests with shareholders.
• The vesting schedules and deferral terms are typical for incentivizing long-term performance and retention, similar to practices at companies like Medtronic or Stryker.

Stakeholder Impact

• The acquisition of equity by a director can signal confidence in the company's future prospects to shareholders.
• The compensation structure may influence employee morale and perception of fairness.

Key Dates