Zimmer Biomet (NYSE: ZBH) director adds phantom stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HIGGINS ARTHUR J reported acquisition or exercise transactions in this Form 4 filing.
ZIMMER BIOMET HOLDINGS, INC. director Arthur J. Higgins received a grant of 308.711 Phantom Stock Units on March 31, 2026 under the company’s Deferred Compensation Plan for Non-Employee Directors. Each unit is convertible on a 1-for-1 basis with common stock but is to be settled in cash.
The units are scheduled to be paid in ten annual installments, beginning within sixty days after the end of the calendar year in which Higgins’ service as a director ends. Following this award and prior accruals, including 99.385 units from dividend reinvestment on January 30, 2026, he holds 36,375.195 phantom stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HIGGINS ARTHUR J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 308.711 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Units — 36,375.195 shares (Direct)
Footnotes (1)
- The phantom stock units were accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors. The Conversion or Exercise Price of Derivative Security is 1-for-1. Units are to be settled in cash in ten annual installments commencing within sixty days after the end of the calendar year in which the cessation of the reporting person's service as a Director occurs. Includes 99.385 phantom stock units accrued on January 30, 2026 under the dividend reinvestment provision of the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors.
Key Figures
Phantom units granted: 308.711 units
Total phantom units after grant: 36,375.195 units
Dividend reinvestment units: 99.385 units
+3 more
6 metrics
Phantom units granted
308.711 units
Grant on March 31, 2026 under Deferred Compensation Plan
Total phantom units after grant
36,375.195 units
Holdings following the reported transaction
Dividend reinvestment units
99.385 units
Accrued on January 30, 2026 via dividend reinvestment provision
Conversion ratio
1-for-1
Phantom Stock Units to Zimmer Biomet common stock basis
Installment count
10 annual installments
Cash settlement schedule after director service ends
Payout start window
Within 60 days
After end of calendar year in which director service ceases
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Non-Employee Directors, dividend reinvestment provision, annual installments, +1 more
5 terms
Phantom Stock Units financial
"The phantom stock units were accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Non-Employee Directors financial
"The phantom stock units were accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors."
dividend reinvestment provision financial
"Includes 99.385 phantom stock units accrued on January 30, 2026 under the dividend reinvestment provision of the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors."
A dividend reinvestment provision is a company policy that lets shareholders automatically use their cash dividends to buy more shares instead of receiving money. Think of it like a subscription that turns each payday into buying an extra slice of the same pie; it helps investors compound their holdings over time, often with lower transaction costs and sometimes at a small discount, which can boost long‑term returns and subtly change ownership percentages.
annual installments financial
"Units are to be settled in cash in ten annual installments commencing within sixty days after the end of the calendar year in which the cessation of the reporting person's service as a Director occurs."
Conversion or Exercise Price of Derivative Security is 1-for-1 financial
"The Conversion or Exercise Price of Derivative Security is 1-for-1."
FAQ
What insider transaction did ZIMMER BIOMET (ZBH) report for Arthur J. Higgins?
Arthur J. Higgins received a grant of 308.711 Phantom Stock Units. These units were awarded under Zimmer Biomet’s Deferred Compensation Plan for Non-Employee Directors and increase his total phantom stock holdings to 36,375.195 units after the transaction.
How many phantom stock units does Arthur J. Higgins hold after this ZBH Form 4?
After the reported grant, Arthur J. Higgins holds 36,375.195 Phantom Stock Units. This total includes the new 308.711-unit award and 99.385 units accrued on January 30, 2026 through the plan’s dividend reinvestment provision for non-employee directors.
What are the key terms of Arthur J. Higgins’ phantom stock units at ZIMMER BIOMET?
Each Phantom Stock Unit is based on a 1-for-1 conversion ratio with Zimmer Biomet common stock but is settled in cash. The units were accrued under the Deferred Compensation Plan for Non-Employee Directors rather than through open-market purchases or sales.
How and when will Arthur J. Higgins’ ZBH phantom stock units be paid out?
The phantom stock units will be settled in cash in ten annual installments. Payments begin within sixty days after the end of the calendar year in which Arthur J. Higgins’ service as a Zimmer Biomet director ceases, according to the plan terms.