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

Director Richard Kuntz reports acquisition of deferred share units and restricted stock units in ZimVie Inc.

Summary

• Richard Kuntz, a director of ZimVie Inc., filed a Form 4 on May 17, 2024, reporting transactions that occurred on May 15, 2024.
• The transactions involve the acquisition of 500 deferred share units and 11,012 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 Kuntz's service as a director ends.
• The restricted stock units are immediately 100% vested but subject to mandatory deferral until the later of Kuntz's termination of service as a director or three years after the grant date.
• Following these transactions, Kuntz beneficially owns 7,019.88 deferred share units and 36,609 restricted stock units.
• Kuntz also granted power of attorney to Heather J. Kidwell, Kristi Lehman and Christine G. Long to execute and file forms on his behalf related to securities transactions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan may attract and retain qualified non-employee directors.

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

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in Director Kuntz's holdings of ZimVie Inc. securities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• The vesting and deferral terms of the restricted stock units may incentivize the director to focus on long-term value creation.

Key Dates