Integer Holdings (ITGR) CFO exercises RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Integer Holdings Corp EVP and CFO Diron Smith reported routine equity compensation activity involving restricted stock units. On May 8, 2026, 2,063 restricted stock units were exercised into the same number of common shares, and 503 shares were withheld at a price of $88.12 per share to cover tax obligations. After these transactions, Smith directly holds about 12,918.83 shares of Integer Holdings common stock. Footnotes explain that restricted stock units convert into common stock on a one-for-one basis and reference a prior grant of 6,188 units awarded on May 8, 2023, vesting in three equal annual installments beginning May 8, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,063 shares exercised/converted
Mixed
3 txns
Insider
Smith Diron
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,063 | $0.00 | -- |
| Exercise | Common Stock | 2,063 | $0.00 | -- |
| Tax Withholding | Common Stock | 503 | $88.12 | $44K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 13,421.83 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On May 8, 2023, the reporting person was granted 6,188 restricted stock units, vesting in three equal annual installments beginning on May 8, 2024.
Key Figures
RSUs exercised: 2,063 units
Tax-withheld shares: 503 shares
Tax price per share: $88.12 per share
+2 more
5 metrics
RSUs exercised
2,063 units
Restricted stock units converted to common stock on May 8, 2026
Tax-withheld shares
503 shares
Shares withheld to cover tax obligations at $88.12 per share
Tax price per share
$88.12 per share
Valuation applied to 503 shares used for tax withholding
Shares held after transactions
12,918.83 shares
Direct common stock holdings of Diron Smith after Form 4 transactions
Original RSU grant
6,188 units
Grant dated May 8, 2023, vesting in three annual installments
Key Terms
Restricted stock units, derivative security, tax-withholding disposition
3 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"classified as an exercise or conversion of a derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"503 shares were disposed of as tax withholding at $88.12 per share"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did Integer Holdings (ITGR) report for Diron Smith?
Integer Holdings reported that EVP and CFO Diron Smith exercised 2,063 restricted stock units into common shares and had 503 shares withheld to cover taxes. These transactions reflect routine equity compensation activity rather than open-market buying or selling of ITGR stock.
What restricted stock unit grant is referenced for Integer Holdings (ITGR) CFO?
Footnotes state that on May 8, 2023, Diron Smith was granted 6,188 restricted stock units, vesting in three equal annual installments starting May 8, 2024. These units convert into Integer Holdings common stock on a one-for-one basis when they vest and are settled.
How many restricted stock units did Integer Holdings (ITGR) CFO exercise?
Diron Smith exercised 2,063 restricted stock units into 2,063 Integer Holdings common shares. The filing classifies this as an exercise or conversion of a derivative security, consistent with standard RSU settlement practices for executive compensation.