Form 4: ZimVie Inc. Executive Richard Heppenstall Reports Stock Transactions

Richard Heppenstall, Executive Vice President, Chief Financial Officer and Treasurer of ZimVie Inc., reports the acquisition and disposal of common stock and vesting of restricted stock units.

Summary

• Richard Heppenstall, an executive at ZimVie Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 15, 2024, 16,127 shares of common stock were acquired upon the vesting of restricted stock units (RSUs).
• Also on May 15, 2024, 3,927 shares were disposed of to satisfy tax withholding obligations at a price of $16.8 per share.
• Following these transactions, Heppenstall directly owns 91,745 shares of ZimVie Inc. common stock and 32,253 restricted stock units.
• Heppenstall 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: This is a routine filing related to executive compensation and stock transactions, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of shares available in the market.

Key Dates