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

Director Vinit Asar reports acquisition of deferred share units and restricted stock units in ZimVie Inc.

Summary

• On May 15, 2024, Vinit Asar, a director of ZimVie Inc., reported the acquisition of 500 deferred share units and 11,012 restricted stock units.
• The deferred share units were accrued under the ZimVie Inc. Deferred Compensation Plan for Non-Employee Directors.
• These 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 but subject to mandatory deferral until the later of the director's termination of service or three years after the grant date.
• Following these transactions, Asar beneficially owns 7,789.986 common stock shares through deferred share units and 36,609 common stock shares through restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard equity compensation practices. The acquisition of shares aligns the director's interests with the company's performance.

Positives

• The acquisition of deferred share units and restricted stock units indicates continued alignment of the director's interests with the company's long-term performance.

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

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Equity compensation in the form of restricted stock units and deferred share units is a common practice among publicly traded companies to incentivize and retain directors.
• The vesting and deferral terms described are fairly standard, aligning with typical executive compensation packages in similar-sized companies.

Stakeholder Impact

• The acquisition of equity by a director can be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates