Form 4: ZimVie Inc. Director David P. King Reports Changes in Beneficial Ownership

Director David P. King reports acquisition and disposal of ZimVie Inc. securities, including deferred share units, as per Form 4 filing.

Summary

• David P. King, a director of ZimVie Inc., filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of 2,223.458 deferred share units under the ZimVie Inc. Deferred Compensation Plan for Non-Employee Directors on June 30, 2024.
• These units are to be settled in cash in four annual installments after King's service as a director ends.
• King also reported the disposal of 33,491.026 common stock shares.
• Following these transactions, King's derivative security holdings include 2,223.458 deferred share units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

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 is a routine disclosure related to changes in beneficial ownership by a company director, which is a common practice in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about the transactions of a key insider, providing transparency into the director's holdings and activities.

Key Dates