Form 4: ZimVie Inc. Director David P. King Acquires Deferred Share Units

Director David P. King of ZimVie Inc. acquired 2,855.104 deferred share units under the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• David P. King, a director at ZimVie Inc., acquired 2,855.104 deferred share units on December 31, 2024.
• These units were granted under the company's Deferred Compensation Plan for Non-Employee Directors.
• The units have a 1-for-1 conversion ratio to common stock.
• The units will be settled in cash in four annual installments after Mr. King ceases to be a director.
• Following this transaction, Mr. King directly owns 38,882.591 common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive for the company's outlook.

Future Outlook

The deferred share units will be settled in cash in four annual installments commencing within sixty days after cessation of the reporting person's service as a Director.

Industry Context

This is a standard transaction for a director's compensation package, aligning their interests with the company's performance.

Comparison to Industry Standards

• Deferred share units are a common form of compensation for non-employee directors in publicly traded companies.
• The vesting and settlement terms are typical, with cash settlement upon departure from the board.
• Many companies use similar plans to align director compensation with long-term shareholder value.

Stakeholder Impact

• The transaction aligns the director's interests with shareholders through equity-based compensation.
• The transaction has no immediate impact on employees, customers, or suppliers.

Key Dates

Keywords

ZimVie Inc., deferred share units, director, David P. King, compensation plan, non-employee directors, Form 4, insider trading