Integer Holdings (NYSE: ITGR) CEO reports PSU vesting and tax share use
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Integer Holdings Corp President & CEO Payman Khales reported multiple equity transactions involving performance-based awards and tax-related share dispositions. On February 24, 2026, 16,077 and 26,983 restricted stock units vested and converted into the same number of common shares after financial and relative total shareholder return goals were met.
These restricted stock units convert into common stock on a one-for-one basis. On the same date, 16,945 common shares at $87.10 were disposed of and on February 20, 2026, 4,638 shares at $84.85 were disposed of to satisfy tax obligations. Following these transactions, Khales directly owned 61,854 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
43,060 shares exercised/converted
Mixed
8 txns
Insider
Khales Payman
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,077 | $0.00 | -- |
| Exercise | Restricted Stock Units | 26,983 | $0.00 | -- |
| Exercise | Common Stock | 16,077 | $0.00 | -- |
| Exercise | Common Stock | 26,983 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,945 | $87.10 | $1.48M |
| Grant/Award | Common Stock | 7,389 | $0.00 | -- |
| Grant/Award | Common Stock | 7,516 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,638 | $84.85 | $394K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 51,816 shares (Direct)
Footnotes (1)
- Represents the vesting of performance-based restricted stock units ("PSU") that have vested based upon the satisfaction of specified financial performance targets based upon organic sales growth achievement for each of 2023, 2024 and 2025. The criteria for the vesting of these PSUs into shares has been met. Represents the vesting of PSUs that have vested based upon the satisfaction of 3-year relative total shareholder return goals. The criteria for the vesting of these PSUs into shares has been met. Restricted stock units convert into common stock on a one-for-one basis. On November 2, 2022, the reporting person was granted 16,077 restricted stock units that vested on February 24, 2026. On February 24, 2023, the reporting person was granted 26,983 restricted stock units that vested on February 24, 2026.
FAQ
What did Integer Holdings (ITGR) CEO report in this Form 4 filing?
Integer Holdings CEO Payman Khales reported equity award vesting and related share dispositions. Performance-based restricted stock units converted into common shares, and some of those shares were delivered to cover tax obligations tied to the vesting events.
How many restricted stock units vested for Integer Holdings CEO Khales?
Two tranches of restricted stock units vested for Payman Khales: 16,077 units from a November 2, 2022 grant and 26,983 units from a February 24, 2023 grant. Each restricted stock unit converted into one share of Integer Holdings common stock.
What performance criteria triggered the PSU vesting at Integer Holdings (ITGR)?
The performance-based restricted stock units vested after meeting specified financial performance targets, including organic sales growth for 2023, 2024, and 2025, and separate three-year relative total shareholder return goals. Once these criteria were satisfied, the PSUs converted into common shares on a one-for-one basis.
What new stock grants did Integer Holdings (ITGR) CEO receive in February 2026?
On February 20, 2026, Payman Khales received two common stock awards: 7,389 shares and 7,516 shares. These are reported as grants or awards at a price of $0.00 per share, indicating they were part of his equity compensation package.