OFIX Insider Award Adds 37% More Shares to Board Member’s Holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orthofix Medical (NASDAQ: OFIX) filed a routine Form 4 disclosing that director Wayne Burris was granted 18,841 deferred stock units (DSUs) on 06/18/2025 at no cost as part of board compensation. The award vests in full one year after the grant date, provided continued service, and will convert to common stock within 45 days after the director leaves the board.
Following the grant, Burris’ total beneficial ownership increased to 50,539 shares, which includes 25,315 previously reported DSUs. The filing reports no share sales, cash proceeds, or changes to Orthofix’s operations or financial outlook.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BURRIS WAYNE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,841 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,539 shares (Direct)
Footnotes (1)
- Represents an award of deferred stock units that vest in full on the first anniversary of the grant date, subject to the reporting person's service through such date. Each deferred stock unit represents a contingent right to receive one share of common stock of the issuer. Vested deferred stock units will settle and convert into common stock within 45 days of the reporting person's termination of service with the issuer. Includes 25,315 previously reported deferred stock units.
FAQ
What is the vesting schedule for the newly granted deferred stock units?
All 18,841 DSUs vest on the first anniversary of the grant date, subject to Burris’ continued board service.
What is Wayne Burris’ total beneficial ownership after the transaction?
After the award, Burris beneficially owns 50,539 shares of Orthofix common stock.
Did the filing indicate the transaction was made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox was not marked, indicating the grant was not reported as being under a 10b5-1 plan.