ZIMMER BIOMET CEO awarded 24,436 performance RSUs
ZIMMER BIOMET HOLDINGS, INC.
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Rhea-AI Filing Summary
ZIMMER BIOMET HOLDINGS, INC. Chairman, President and CEO Ivan Tornos reported an acquisition of 24,436 restricted stock units (RSUs) tied to prior performance-based awards. Each RSU represents a contingent right to receive one share of Zimmer Biomet common stock at no purchase price.
The RSUs relate to performance-based grants awarded in March and September 2023 for a 2023–2025 performance period. Based on actual performance determined on February 19, 2026, he earned 12,184 RSUs from the March grant and 12,252 RSUs from the September grant, which together will vest on March 6, 2026 if conditions are satisfied.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 24,436 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each RSU represents a contingent right to receive one share of Company common stock.
- F2. On March 6, 2023, and on September 1, 2023, the reporting person was granted performance-based RSUs, with the number of RSUs earned for both such grants to be determined based on the extent to which certain performance conditions were met for a performance period of 2023 - 2025. As determined on February 19, 2026, based on actual performance, the reporting person earned 12,184 RSUs for March and 12,252 RSUs for September, totaling 24,436 RSUs, which will vest on March 6, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ZIMMER BIOMET (ZBH) CEO Ivan Tornos report in this Form 4?
How many ZIMMER BIOMET (ZBH) RSUs did the CEO earn from performance awards?
When do Ivan Tornos’s newly earned ZIMMER BIOMET (ZBH) RSUs vest?
What does each ZIMMER BIOMET (ZBH) restricted stock unit represent for the CEO?
Were the ZIMMER BIOMET (ZBH) RSUs in this Form 4 new grants or performance settlements?
AI-generated analysis. How Rhea-AI works. Not financial advice.