Zimmer Biomet director granted 317 phantom units
HAGEMANN ROBERT reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
HAGEMANN ROBERT reported acquisition or exercise transactions in this Form 4 filing.
Zimmer Biomet Holdings director Robert Hagemann received a grant of 317.369 Phantom Stock Units, equivalent on a 1-for-1 basis to shares of common stock. These units were accrued under the company’s Deferred Compensation Plan for Non-Employee Directors and are settled only in cash.
After this award, Hagemann holds a total of 33,269.443 Phantom Stock Units. The units will be paid out in five annual cash installments that begin within sixty days after the calendar year in which his service as a director ends, linking this compensation to his board tenure rather than near-term market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 317.369 | $0.00 | $0.00 |
Footnotes (3)
- F1. The phantom stock units were accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors.
- F2. The Conversion or Exercise Price of Derivative Security is 1-for-1.
- F3. Units are to be settled in cash in five 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.
Key Figures
Key Terms
Phantom Stock Units financial
Deferred Compensation Plan for Non-Employee Directors financial
1-for-1 financial
settled in cash financial
annual installments financial
FAQ
What did Zimmer Biomet (ZBH) director Robert Hagemann report in this Form 4?
Is Robert Hagemann buying or selling Zimmer Biomet (ZBH) stock in this filing?
How many Phantom Stock Units does Robert Hagemann now hold at Zimmer Biomet (ZBH)?
How will Robert Hagemann’s Zimmer Biomet (ZBH) Phantom Stock Units be paid out?
What is the economic link between Zimmer Biomet (ZBH) Phantom Stock Units and common stock?
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