Chad F. Phipps - 25 Feb 2024 Form 4 Insider Report for ZIMMER BIOMET HOLDINGS, INC. (ZBH)

Role
Sr. VP/Gen Counsel/Secretary
Signature
/s/ Matthew R. St. Louis, Attorney-in-Fact for Chad F. Phipps (power of attorney previously filed)
Issuer symbol
ZBH
Transactions as of
25 Feb 2024
Net transactions value
-$227,847
Form type
4
Filing time
27 Feb 2024, 20:57:27 UTC
Previous filing
26 Feb 2024
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZBH Common Stock Options Exercise $0 +4,580 +10% $0.000000 48,725 25 Feb 2024 Direct F1
transaction ZBH Common Stock Tax liability $227,847 -1,769 -3.6% $128.80 46,956 25 Feb 2024 Direct F2

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 Restricted Stock Units Options Exercise $0 -4,580 -100% $0.000000* 0 25 Feb 2024 Common Stock 4,580 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number of restricted stock units ("RSUs") reflects the adjustments that occurred as of March 1, 2022 in connection with Zimmer Biomet Holdings, Inc.'s (the "Company") spinoff of Zimvie Inc. In connection with the spinoff, each RSU was adjusted to preserve the intrinsic value of such award by multiplying it by an equity exchange ratio, rounded up to the nearest whole unit, which adjustments were made following the initial reporting of these RSUs.
F2 Represents shares withheld by the Company to satisfy tax withholding obligations on the vesting of RSUs.
F3 Each RSU represents a contingent right to receive one share of Company common stock.