Zimmer Biomet director granted new phantom stock units
Hilado Maria Teresa reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Hilado Maria Teresa reported acquisition or exercise transactions in this Form 4 filing.
ZIMMER BIOMET HOLDINGS, INC. director Maria Teresa Hilado received a grant of 389.498 Phantom Stock Units. These units track the value of Zimmer Biomet common stock on a 1-for-1 basis but are settled in cash, not shares.
The units were accrued under the company’s Deferred Compensation Plan for Non-Employee Directors. Following this award, Hilado now holds a total of 12,983.867 Phantom Stock Units. Settlement is scheduled in ten annual cash installments after her service as a director ends.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 389.498 | $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 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.
Key Figures
Key Terms
Phantom Stock Units financial
Deferred Compensation Plan for Non-Employee Directors financial
1-for-1 financial
ten annual installments financial
FAQ
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What did Zimmer Biomet (ZBH) disclose about Maria Teresa Hilado’s latest Form 4?
How many Phantom Stock Units did ZBH director Maria Teresa Hilado receive?
What are Phantom Stock Units in Zimmer Biomet’s (ZBH) director compensation?
How and when will Maria Teresa Hilado’s Zimmer Biomet Phantom Stock Units be settled?
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