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

Director David P. King reports acquiring 2,437.538 deferred share units of ZimVie Inc. under the Deferred Compensation Plan for Non-Employee Directors.

Summary

• David P. King, a director of ZimVie Inc., filed a Form 4 on April 02, 2024, reporting a transaction that occurred on March 31, 2024.
• The transaction involved the acquisition of 2,437.538 deferred share units under the ZimVie Inc. Deferred Compensation Plan for Non-Employee Directors.
• These 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 30,767.568 deferred share units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices. There are no indications of negative implications.

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.

Comparison to Industry Standards

• Deferred compensation plans for directors are common across publicly traded companies.
• Companies like Medtronic and Stryker also utilize similar deferred compensation mechanisms for their board members.
• The specifics of ZimVie's plan, such as the vesting schedule and settlement terms, are likely benchmarked against industry peers to attract and retain qualified directors.

Key Dates