Bryan C. Hanson - Dec 19, 2021 Form 4 Insider Report for ZIMMER BIOMET HOLDINGS, INC. (ZBH)

Role
President and CEO, Director
Signature
/s/ Heather J. Kidwell, Attorney-in-Fact for Bryan C. Hanson (power of attorney previously filed)
Stock symbol
ZBH
Transactions as of
Dec 19, 2021
Transactions value $
-$3,276,990
Form type
4
Date filed
12/21/2021, 03:19 PM
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZBH Common Stock Options Exercise $0 +25.5K +41.94% $0.00 86.4K Dec 19, 2021 Direct F1, F2
transaction ZBH Common Stock Tax liability -$1.43M -11.8K -13.69% $120.94 74.5K Dec 19, 2021 Direct F3
transaction ZBH Common Stock Options Exercise $0 +33K +44.2% $0.00 107K Dec 19, 2021 Direct F4
transaction ZBH Common Stock Tax liability -$1.85M -15.3K -14.21% $120.94 92.2K Dec 19, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZBH Performance Restricted Stock Units Options Exercise $0 -25.5K -100% $0.00* 0 Dec 19, 2021 Common Stock 25.5K Direct F1, F5
transaction ZBH Performance Restricted Stock Units Options Exercise $0 -33K -100% $0.00* 0 Dec 19, 2021 Common Stock 33K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 19, 2017, the reporting person was granted 38,280 performance restricted stock units ("PRSUs"), which were to be earned if and to the extent certain stock price performance goals were achieved by December 19, 2021. The Company's compensation committee determined that, based on actual stock price performance, 25,520 PRSUs were earned and vested on December 19, 2021. The remaining 12,760 PRSUs were forfeited.
F2 Includes 163 shares acquired under the Zimmer Biomet Holdings, Inc. Employee Stock Purchase Plan on June 30, 2021.
F3 Represents shares withheld by the Company to satisfy tax withholding obligations on the vesting of PRSUs.
F4 On December 19, 2017, the reporting person was granted 49,425 PRSUs, which were to be earned if and to the extent certain stock price performance goals were achieved by December 19, 2021. The Company's compensation committee determined that, based on actual stock price performance, 32,950 PRSUs were earned and vested on December 19, 2021. The remaining 16,475 PRSUs were forfeited.
F5 Each PRSU represents a contingent right to receive one share of Company common stock.