Orthofix director granted 14,965 deferred stock units
BURRIS WAYNE reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
BURRIS WAYNE reported acquisition or exercise transactions in this Form 4 filing.
Orthofix Medical Inc. director Wayne Burris received a grant of 14,965 deferred stock units of common stock at no cost. These units vest in full on the first anniversary of the grant date, contingent on his continued service with the company through that date.
Each deferred stock unit represents a contingent right to receive one share of Orthofix common stock, settling within 45 days after his service with the company ends. Including 44,156 previously reported deferred stock units, his direct holdings now total 65,504 shares represented by deferred stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 14,965 shares
Grant/Award
1 txn
Insider
BURRIS WAYNE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,965 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 65,504 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes 44,156 previously reported deferred stock units.
Key Figures
Deferred stock units granted: 14,965 units
Grant price per unit: $0.00 per share
Total shares after transaction: 65,504 shares
+3 more
6 metrics
Deferred stock units granted
14,965 units
Award of deferred stock units to director on grant date
Grant price per unit
$0.00 per share
Equity award granted at no cash cost to director
Total shares after transaction
65,504 shares
Direct holdings following award, represented by deferred stock units
Previously reported deferred stock units
44,156 units
Deferred stock units disclosed before this grant
Vesting period
1 year
Deferred stock units vest on first anniversary of grant date
Settlement window after termination
Within 45 days
Vested deferred stock units convert to stock after service ends
Key Terms
deferred stock units, vest in full, contingent right, termination of service
4 terms
deferred stock units financial
"Represents an award of deferred stock units that vest in full on the first anniversary"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
vest in full financial
"deferred stock units that vest in full on the first anniversary of the grant date"
contingent right financial
"Each deferred stock unit represents a contingent right to receive one share of common stock"
termination of service financial
"will settle and convert into common stock within 45 days of the reporting person's termination of service"
FAQ
What insider transaction did Orthofix Medical (OFIX) report for Wayne Burris?
Orthofix Medical reported that director Wayne Burris received a grant of 14,965 deferred stock units of common stock. The award was made at no cost and is structured as equity-based compensation, increasing his direct deferred stock unit holdings reported in this filing.
When do Wayne Burris’s new Orthofix (OFIX) deferred stock units vest?
The 14,965 newly granted deferred stock units vest in full on the first anniversary of the grant date. Vesting is conditioned on Wayne Burris continuing to serve Orthofix through that date, making the award a time-based retention incentive tied to his ongoing board service.
What happens when Wayne Burris’s Orthofix (OFIX) deferred stock units settle?
Each deferred stock unit converts into one share of Orthofix common stock upon settlement. According to the filing, vested deferred stock units will settle and convert into common shares within 45 days after Wayne Burris’s termination of service with Orthofix Medical Inc., subject to the plan terms.
What are deferred stock units in the context of Orthofix (OFIX) director compensation?
Deferred stock units are equity awards representing a right to receive common shares at a later date. For Orthofix, each deferred stock unit equals one share of common stock and typically vests over time, then settles into stock within a specified period following termination of service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
