Form 4: ZimVie Inc. Executive Heather Kidwell Reports Stock Transactions

Heather Kidwell, a Senior Vice President at ZimVie Inc., reported the vesting of restricted stock units and subsequent tax withholding.

Summary

• On March 10, 2024, Heather Kidwell, a Senior Vice President at ZimVie Inc., had 2,776 restricted stock units (RSUs) vest.
• Kidwell acquired 2,776 shares of common stock upon the vesting of these RSUs.
• 761 shares were withheld by ZimVie Inc. to satisfy tax obligations at a price of $17.86 per share.
• Following these transactions, Kidwell directly owns 59,285 shares of common stock.
• Kidwell also holds 45,506 unvested restricted stock units, which vest annually in thirds starting March 7, 2025.
• 2,775 of the original 2,776 RSUs vest on March 10, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation, and doesn't inherently indicate positive or negative sentiment.

Positives

• The vesting of RSUs indicates a form of compensation and alignment of the executive's interests with the company's performance.

Future Outlook

The reporting person holds unvested restricted stock units that will vest in the future, aligning their interests with the company's long-term performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions reported have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates