Compensation-driven share vesting for Integer Holdings Corp (ITGR) executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Integer Holdings Corp executive Andrew Senn, President of Cardio & Vascular, reported equity compensation-related share movements. He acquired 2,340 and 2,380 shares of common stock through vesting of performance-based and relative total shareholder return PSUs after meeting multi-year financial and shareholder return goals. To cover tax obligations, 1,447 shares were disposed at $84.85 per share through a tax-withholding transaction. Following these transactions, he directly owned 14,813 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Senn Andrew
Role
President, Cardio & Vascular
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,340 | $0.00 | -- |
| Grant/Award | Common Stock | 2,380 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,447 | $84.85 | $123K |
Holdings After Transaction:
Common Stock — 13,880 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.
FAQ
What insider transactions did ITGR executive Andrew Senn report?
Andrew Senn reported performance-based equity vesting and related tax withholding. He acquired 2,340 and 2,380 Integer Holdings common shares from performance stock units that met financial and relative total shareholder return goals, and 1,447 shares were withheld and disposed at $84.85 per share to satisfy tax liabilities.
What does the tax-withholding transaction mean in the ITGR Form 4?
The tax-withholding transaction reflects shares used to cover tax liabilities. A total of 1,447 Integer Holdings common shares were disposed at $84.85 per share, with the Form 4 labeling this as payment of tax liability by delivering securities rather than an open-market sale.