ZIMV Form 4: $19.00 per share merger cash-out, RSUs canceled
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZimVie (ZIMV): Senior VP and Corporate Secretary Heather Kidwell reported a merger-related disposition of company equity. On October 20, 2025, 83,674 shares of common stock were converted into the right to receive $19.00 per share in cash upon the merger’s closing. Following the effective time, all such shares were canceled.
The filing also notes that 149,190 restricted stock units vested in full at closing and were canceled for a cash payment based on the same $19.00 per-share merger consideration, as provided in the Merger Agreement. ZimVie became a wholly owned subsidiary of the acquirer at closing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kidwell Heather
Role
See remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 149,190 | $0.00 | -- |
| Disposition | Common Stock | 83,674 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- This Form 4 reports securities disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated July 20, 2025, by and among the Issuer, Zamboni Parent Inc., a Delaware corporation ("Parent") and Zamboni MergerCo Inc., a Delaware corporation and wholly owned subsidiary of Parent ("MergerCo"), pursuant to which, on October 20, 2025 (the "Effective Time"), MergerCo merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Parent. At the Effective Time, each share of the Issuer's common stock, par value $0.01 per share ("Common Stock"), reported on this Form 4 was converted into the right to receive $19.00 in cash (the "Merger Consideration"), without interest and subject to any required tax withholding, upon the terms and subject to the conditions of the Merger Agreement. From and after the Effective Time, all such shares of Common Stock were no longer outstanding and were automatically canceled. At the Effective Time, each restricted stock unit with respect to Common Stock (each, a "Restricted Stock Unit"), outstanding immediately prior to the Effective Time vested in full (to the extent then-unvested), and was canceled and converted into the right to receive cash, without interest and subject to applicable tax withholding and deductions, in an amount equal to the product, rounded to the nearest cent, of (i) the number of shares of Common Stock subject to such Restricted Stock Unit immediately prior to the Effective Time and (ii) the Merger Consideration. Each Restricted Stock Unit represented a contingent right to receive one share of Common Stock. As required by the terms of the Merger Agreement, the Issuer accelerated the vesting of all of the outstanding and unvested equity awards held by Ms. Kidwell, as of immediately prior to the Effective Time, contingent upon the closing of the transactions contemplated by the Merger Agreement.
FAQ
What did ZIMV’s Form 4 report for Heather Kidwell?
A merger-related disposition where 83,674 common shares were converted into the right to receive $19.00 per share in cash at closing.
How were ZIMV RSUs treated in the transaction?
149,190 RSUs vested in full at closing and were canceled for a cash amount based on $19.00 per share.
When did the ZIMV merger become effective?
The merger closed at the effective time on October 20, 2025.
What is Heather Kidwell’s role at ZIMV?
She is Senior Vice President, Chief Legal, Compliance and Human Resources Officer and Corporate Secretary.