Form 4: ZimVie Inc. Executive Vafa Jamali Reports Stock Transactions
SEC Form 4 Filing
Vafa Jamali, President and CEO of ZimVie Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to their beneficial ownership of company stock.
Summary
- On April 1, 2024, Vafa Jamali, President and CEO of ZimVie Inc., had 21,331 restricted stock units (RSUs) vest.
- The vesting of these RSUs resulted in the acquisition of 21,331 shares of common stock.
- Simultaneously, 9,333 shares were withheld by ZimVie Inc. to cover tax obligations related to the RSU vesting at a price of $18.45 per share.
- Following these transactions, Jamali directly owns 250,591 shares of ZimVie Inc. common stock and 21,331 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The remaining 21,331 RSUs will vest on April 1, 2025.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The transactions have a minor impact on the company's outstanding shares due to the tax withholding.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of earliest transaction: vesting of restricted stock units and tax withholding. |
| 04/01/2025 | Date when the remaining 21,331 RSUs vest. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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