Zimmer Biomet (NYSE: ZBH) director granted RSUs and phantom stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kolli Sreelakshmi reported acquisition or exercise transactions in this Form 4 filing.
ZIMMER BIOMET HOLDINGS, INC. director Sreelakshmi Kolli received equity-based compensation in the form of derivative awards. On May 22, 2026, Kolli was granted 1,517.274 Restricted Stock Units tied to Zimmer Biomet common stock, increasing her directly held RSUs to 6,875.
On the same date, she was also granted 875.350 Phantom Stock Units under the company’s Deferred Compensation Plan for Non-Employee Directors, bringing her phantom unit balance to 6,662.281. These phantom units are credited on a 1-for-1 basis with Zimmer Biomet common shares and are to be settled in shares of common stock within sixty days after her service as a director ends.
The RSUs are immediately 100% vested but are subject to mandatory deferral until the later of her termination of service as a director or three years after the grant date. Some units and RSUs referenced include amounts accumulated earlier through the plan’s dividend reinvestment and prior-year grants subject to different deferral periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kolli Sreelakshmi
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 — 6,662.281 shares (Direct, null);
Restricted Stock Units — 6,875 shares (Direct, null)
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 shares of Company common stock within sixty days after cessation of the reporting person's service as a Director. Includes 16.937 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.
Key Figures
RSUs granted: 1,517.274 units
RSUs after grant: 6,875 units
Phantom units granted: 875.350 units
+5 more
8 metrics
RSUs granted
1,517.274 units
Restricted Stock Units granted on May 22, 2026
RSUs after grant
6,875 units
Total Restricted Stock Units held directly after transaction
Phantom units granted
875.350 units
Phantom Stock Units granted on May 22, 2026
Phantom units after grant
6,662.281 units
Total Phantom Stock Units held after transaction
Conversion ratio
1-for-1
Phantom Stock Units convert into common stock 1-for-1
Exercise price field
$85.6800
Technical conversion/exercise price shown for phantom units
Settlement window
60 days
Phantom units settled within 60 days after service ends
Deferral period
3 years minimum
RSUs deferred until at least three years after grant and service end
Key Terms
Restricted Stock Units, Phantom Stock Units, Deferred Compensation Plan for Non-Employee Directors, dividend reinvestment provision, +1 more
5 terms
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"
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
"phantom stock units accrued ... under the dividend reinvestment provision of the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan"
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
"Restricted Stock Units granted in prior years that are subject to different mandatory deferral periods"
FAQ
What equity awards did ZBH director Sreelakshmi Kolli receive on this Form 4?
Director Sreelakshmi Kolli received 1,517.274 Restricted Stock Units and 875.350 Phantom Stock Units tied to Zimmer Biomet common stock as compensation, both classified as grant or award acquisitions rather than open-market purchases or sales.
How many Restricted Stock Units does ZBH director Sreelakshmi Kolli hold after the grant?
After the new grant, Sreelakshmi Kolli directly holds 6,875 Restricted Stock Units. These RSUs are fully vested but are subject to mandatory deferral until the later of her director service ending or three years after the grant date.
What are Zimmer Biomet Phantom Stock Units and how are they settled?
Zimmer Biomet Phantom Stock Units for non-employee directors track the value of common stock on a 1-for-1 basis. They are settled in shares of company common stock within sixty days after the director’s service ends, according to the deferred compensation plan.
Did the ZBH Form 4 show any open-market buying or selling by Sreelakshmi Kolli?
No, the Form 4 reports only grant or award acquisitions of Restricted Stock Units and Phantom Stock Units. There are no open-market purchases or sales; the transactions are compensation-related derivative awards to a non-employee director.
How many Phantom Stock Units does ZBH director Sreelakshmi Kolli hold after this award?
Following the award, Sreelakshmi Kolli holds 6,662.281 Phantom Stock Units under Zimmer Biomet’s Deferred Compensation Plan for Non-Employee Directors. This amount includes units accrued through dividend reinvestment provisions and prior credited balances.