Form 4: ZimVie Inc. Officer Sandra Schneider Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sandra Schneider, Chief Accounting Officer of ZimVie Inc., reports the vesting of restricted stock units and subsequent share withholding for tax obligations.
Summary
- On May 15, 2024, Sandra Schneider, Chief Accounting Officer of ZimVie Inc., reported changes in her beneficial ownership of the company's stock.
- 11,128 shares of common stock were acquired upon the vesting of restricted stock units (RSUs).
- 2,710 shares were disposed of to satisfy tax withholding obligations at a price of $16.8 per share.
- Following these transactions, Schneider directly owns 24,873 shares of ZimVie Inc. common stock.
- She also holds 22,254 unvested Restricted Stock Units (RSUs) which vest 50% on each of May 15, 2025 and May 15, 2026.
- Schneider has granted power of attorney to Heather J. Kidwell, Kristi Lehman, and Christine G. Long to handle SEC filings related to her ZimVie Inc. affiliation.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects routine transactions related to executive compensation and compliance with SEC regulations.
Positives
- The vesting of RSUs indicates a form of compensation and alignment with the company's long-term success.
Future Outlook
The remaining RSUs will vest in two equal installments on May 15, 2025, and May 15, 2026.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to ZimVie Inc. and doesn't provide broader industry context.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The vesting of RSUs incentivizes the officer to contribute to the company's success.
Next Steps
- Remaining RSUs will vest on May 15, 2025, and May 15, 2026.
Key Dates
| Date | Description |
|---|---|
| May 1, 2024 | Date of execution for the Power of Attorney. |
| May 15, 2024 | Date of transaction: vesting of RSUs and share withholding. |
| May 15, 2025 | 50% of remaining RSUs vest. |
| May 15, 2026 | Remaining 50% of RSUs vest. |
| May 17, 2024 | Date of signature for the report. |
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