STOCK TITAN
  1. Home
  2. Sec-filings
  3. ZBH
  4. [Form 4] ZIMMER BIOMET HOLDINGS, INC. Insider Trading Activity

Zimmer Biomet (NYSE: ZBH) director receives new RSU and phantom unit awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kurdikar Devdatt reported acquisition or exercise transactions in this Form 4 filing.

Zimmer Biomet Holdings director Devdatt Kurdikar received new equity-based awards as part of director compensation. On May 22, 2026, he was granted 1,517.274 Restricted Stock Units, each representing one share of common stock, bringing his RSU holdings to 2,922.072 units. He also received 875.350 Phantom Stock Units under the Deferred Compensation Plan, increasing his phantom unit balance to 2,809.859 units. The phantom units are credited 1-for-1 in common stock and are to be settled in shares within sixty days after his service as a director ends. The RSUs are immediately 100% vested but are subject to mandatory deferral, generally until at least three years after grant and his termination of board service. These are compensation-related grants rather than open-market purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Kurdikar Devdatt
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 875.35 $0.00 --
Grant/Award Restricted Stock Units 1,517.274 $0.00 --
Holdings After Transaction: Phantom Stock Units — 2,809.859 shares (Direct, null); Restricted Stock Units — 2,922.072 shares (Direct, null)
Footnotes (1)
  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 shares of Company common stock within sixty days after cessation of the reporting person's service as a Director. Includes 5.662 phantom stock units accrued on April 30, 2026 under the dividend reinvestment provision of the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors. The Restricted Stock Units are immediately 100% vested and will be subject to mandatory deferral until the later of (1) the reporting person's termination of service as a Director or (2) the date that is three years after the grant date. Includes Restricted Stock Units granted in prior years that are subject to different mandatory deferral periods.
Restricted Stock Units granted 1,517.274 units Grant on May 22, 2026 to Devdatt Kurdikar
RSU holdings after grant 2,922.072 units Total RSUs following May 22, 2026 grant
Phantom Stock Units granted 875.350 units Deferred compensation grant on May 22, 2026
Phantom units after grant 2,809.859 units Total phantom stock units following grant
Conversion ratio 1-for-1 Phantom units to Zimmer Biomet common stock
Restricted Stock Units financial
"The Restricted Stock Units are immediately 100% vested and will be subject to mandatory deferral"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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
"accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors"
dividend reinvestment provision financial
"Includes 5.662 phantom stock units accrued on April 30, 2026 under the dividend reinvestment provision"
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.
mandatory deferral financial
"The Restricted Stock Units are immediately 100% vested and will be subject to mandatory deferral"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kurdikar Devdatt
(Last)(First)(Middle)
345 E. MAIN STREET
(Street)
WARSAW INDIANA 45680
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ZIMMER BIOMET HOLDINGS, INC. [ ZBH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)$85.68(2)05/22/2026A875.35 (3) (3)Common Stock875.35$02,809.859(4)D
Restricted Stock Units(2)05/22/2026A1,517.274 (5) (5)Common Stock1,517.274$02,922.072(6)D
Explanation of Responses:
1. The phantom stock units were accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors.
2. The Conversion or Exercise Price of Derivative Security is 1-for-1.
3. Units are to be settled in shares of Company common stock within sixty days after cessation of the reporting person's service as a Director.
4. Includes 5.662 phantom stock units accrued on April 30, 2026 under the dividend reinvestment provision of the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors.
5. The Restricted Stock Units are immediately 100% vested and will be subject to mandatory deferral until the later of (1) the reporting person's termination of service as a Director or (2) the date that is three years after the grant date.
6. Includes Restricted Stock Units granted in prior years that are subject to different mandatory deferral periods.
/s/ Matthew R. St. Louis, Attorney-in-Fact for Devdatt Kurdikar (power of attorney previously filed)05/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Zimmer Biomet (ZBH) director Devdatt Kurdikar report on this Form 4?

He reported receiving equity-based compensation awards. These included new Restricted Stock Units and Phantom Stock Units tied to Zimmer Biomet common stock, increasing his deferred and stock-based holdings as a non-employee director.

How many Restricted Stock Units did Devdatt Kurdikar receive from Zimmer Biomet (ZBH)?

He received 1,517.274 Restricted Stock Units. After this grant, his total RSU holdings became 2,922.072 units, each representing one share of Zimmer Biomet common stock, subject to mandatory deferral conditions described in the plan.

What are the Phantom Stock Units reported by Zimmer Biomet (ZBH) director Kurdikar?

Phantom Stock Units are deferred compensation units tied 1-for-1 to Zimmer Biomet common stock. Kurdikar received 875.350 new units, increasing his balance to 2,809.859 units under the Deferred Compensation Plan for Non-Employee Directors.

When will Zimmer Biomet (ZBH) Phantom Stock Units be settled for Devdatt Kurdikar?

The phantom units are to be settled in shares of Zimmer Biomet common stock within sixty days after he ceases serving as a director. This makes them a long-term, service-linked form of deferred compensation rather than an immediately tradable position.

Are the Zimmer Biomet (ZBH) Restricted Stock Units for Kurdikar immediately vested?

Yes, the Restricted Stock Units are immediately 100% vested. However, they are subject to mandatory deferral until the later of his termination of service as a director or three years after the grant date, extending their effective holding period.

How were some Zimmer Biomet (ZBH) Phantom Stock Units accrued for Devdatt Kurdikar?

Footnotes state that 5.662 phantom units were accrued on April 30, 2026 under a dividend reinvestment provision in the Deferred Compensation Plan, indicating additional units can be credited from reinvested dividends over time.