Integra (IART) Insider: 500k Shares Distributed from GRAT F; Ownership Updated
Rhea-AI Filing Summary
Integra LifeSciences (IART) Form 4: Director Stuart Essig reported multiple internal transfers of common stock in August 2025. On August 14, 2025 he transferred 200,000 shares to a grantor trust for which his spouse is trustee and received assets of equal fair market value. The same date shows a 200,000-share acquisition entry at $13.62 and a 200,000-share disposition at $13.62 reflecting the trust transfer. Prior to that, on August 8, 2025, 180,080 shares were distributed to Essig from GRAT E as an annuity payment and 500,000 shares were distributed from GRAT F as an annuity payment; GRAT F was then terminated because remaining shares were insufficient to satisfy the annuity obligation. Following the reported transactions, the filings list 1,152,236 shares beneficially owned directly and various indirect holdings through trusts (including 219,920 by GRAT E and 213,115 by a family trust).
Positive
- Transactions were internal transfers to related trusts rather than open-market disposals, preserving control within related parties
- Form 4 fully discloses the grantor trust transfers and GRAT distributions, providing transparency on insider ownership changes
Negative
- GRAT F terminated after a 500,000-share distribution because remaining shares were insufficient to satisfy the annuity, indicating a material reduction in that vehicle
- Significant share movement (500,000 and 180,080 shares) alters the mix of direct and indirect ownership and may change future share voting patterns
Insights
TL;DR: Insider moved significant share blocks among related trusts and personal holdings; transactions appear estate-planning driven, not open-market trading.
The Form 4 shows material intra-family and trust transfers rather than market sales. Key events are the 500,000-share distribution from GRAT F (which then terminated) and the 180,080-share distribution from GRAT E. These movements change the reporting mix of direct versus indirect ownership but do not explicitly indicate third-party dispositions. For investors, the primary relevance is a change in ownership reporting and potential future availability of shares as trusts are settled; no revenue, earnings, or operational data are affected by these entries.
TL;DR: Transactions reflect structured estate/planning actions; termination of a GRAT following partial satisfaction is notable for ownership structure.
The filings document transfers to a grantor trust (200,000 shares) and annuity distributions from two GRATs, including the termination of GRAT F after a 500,000-share distribution due to insufficient remaining assets. Signatures include an attorney-in-fact, indicating authorized filing. From a governance perspective, these are standard trustee and grantor actions that alter beneficial ownership reporting and may affect future voting and disclosure timelines. There is no indication of regulatory issues or third-party trades in this filing.