Zimmer Biomet legal chief sells $295K stock
Zimmer Biomet’s chief legal and corporate affairs officer sold 3,000 ZBH shares and now directly holds 65,231 shares.
Rhea-AI Filing Summary
ZIMMER BIOMET HOLDINGS, INC. (ZBH) executive Chad F. Phipps, Senior Vice President, Chief Legal & Corporate Affairs Officer and Secretary, reported selling 3,000 shares of common stock on September 4, 2026 in an open-market or private transaction at $98.35 per share. After this sale, he directly holds 65,231 shares, which include 471 shares acquired under the Employee Stock Purchase Plan and through dividend reinvestment through July 31, 2026. No Rule 10b5-1 trading plan is reported.
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Insider Trade Summary
Net Seller: 3,000 shares
Net Sell
1 txn
Insider
Phipps Chad F
Role
See remarks below.
Sold
3,000 shs ($295K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 3,000 | $98.35 | $295K |
Holdings After Transaction:
Common Stock — 65,231 shares (Direct)
Footnotes (1)
- F1. Includes 471 shares acquired under the Employee Stock Purchase Plan and pursuant to dividend reinvestment through July 31, 2026.
Key Figures
Shares sold: 3,000 shares
Sale price per share: $98.35 per share
Transaction value: $295,050
+2 more
5 metrics
Shares sold
3,000 shares
Common stock sale reported for September 4, 2026
Sale price per share
$98.35 per share
Price for the 3,000 shares of common stock sold on September 4, 2026
Transaction value
$295,050
Approximate aggregate value of 3,000 shares sold at $98.35 per share
Shares held after transaction
65,231 shares
Directly held Zimmer Biomet common shares following the reported sale
Shares from Employee Stock Purchase Plan and dividend reinvestment
471 shares
Included within the post-transaction direct holdings through July 31, 2026
Key Terms
Employee Stock Purchase Plan, dividend reinvestment, open market or private transaction
3 terms
Employee Stock Purchase Plan financial
"Includes 471 shares acquired under the Employee Stock Purchase Plan and pursuant to dividend reinvestment"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
dividend reinvestment financial
"Includes 471 shares acquired under the Employee Stock Purchase Plan and pursuant to dividend reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was the ZBH stock sale by Chad F. Phipps made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for this transaction.
What is Chad F. Phipps’s role at Zimmer Biomet (ZBH)?
Chad F. Phipps is identified as Zimmer Biomet’s Senior Vice President, Chief Legal & Corporate Affairs Officer and Secretary in the Form 4 remarks.
AI-generated analysis. How Rhea-AI works. Not financial advice.