Indraneel Kanaglekar - 11 Sep 2024 Form 4 Insider Report for ZimVie Inc. (ZIMV)

Role
Senior Vice President, Chief Commercial Officer
Signature
/s/ Heather Kidwell, Attorney-in-Fact for Indraneel Kanaglekar
Issuer symbol
ZIMV
Transactions as of
11 Sep 2024
Net transactions value
$0
Form type
4
Filing time
12 Sep 2024, 16:05:37 UTC
Previous filing
02 Jul 2024
Next filing
06 Mar 2025
SEC
View on sec.gov

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 ZIMV Restricted Stock Units Award $0 +32,898 $0.000000 32,898 11 Sep 2024 Common Stock 32,898 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of ZimVie Inc. common stock.
F2 Represents the conversion to time-based RSUs on a 1-for-1 basis of performance-based restricted stock units ("PRSUs") granted in May 2023 with performance targets that included the Company's former Spine business. As previously announced, the Company closed the sale of the Spine business on April 1, 2024, which makes those targets no longer relevant. The RSUs are scheduled to vest in full on May 15, 2026, the third anniversary of the date of grant of the PRSUs.

Remarks:

Senior Vice President, Chief Commercial Officer