Form 4: ZimVie Inc. Director David P. King Reports Acquisition of Deferred Share Units

Director David P. King reports acquisition of deferred share units in ZimVie Inc. under the Deferred Compensation Plan for Non-Employee Directors.

Summary

• On September 30, 2024, David P. King, a director of ZimVie Inc., reported the acquisition of 2,536.461 deferred share units.
• These units were accrued under the company's Deferred Compensation Plan for Non-Employee Directors.
• The conversion or exercise price of the derivative security is 1-for-1.
• The units are to be settled in cash in four annual installments commencing within sixty days after cessation of the reporting person's service as a Director.
• Following the reported transaction, King beneficially owns 36,027.487 common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence in the company, but it's not a major event.

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 filing reflects standard compensation practices for non-employee directors, utilizing deferred share units as a form of equity-based compensation.

Stakeholder Impact

• The acquisition of deferred share units by a director signals alignment of interests with shareholders.

Key Dates