Joseph W. Dziedzic - Mar 11, 2022 Form 4 Insider Report for Integer Holdings Corp (ITGR)

Role
President & CEO, Director
Signature
/s/ Mark Zawodzinski as attorney-in-fact for Joseph W. Dziedzic.
Stock symbol
ITGR
Transactions as of
Mar 11, 2022
Transactions value $
$0
Form type
4
Date filed
3/15/2022, 05:01 PM
Previous filing
Jan 25, 2022
Next filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ITGR Common Stock 118K Mar 11, 2022 Direct

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 ITGR Performance Restricted Stock Units Award $0 +72.4K $0.00 72.4K Mar 11, 2022 Common 72.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance restricted stock unit ("PRSUs") represents a contingent right to receive one share of Integer Holdings Corporation's common stock (the "Common Stock"). Target PRSUs (as defined in footnote 3) vest upon the satisfaction of both (i) a stock price performance vesting condition in which the average closing price of the Common Stock for a 20 consecutive trading day period must meet or exceed the stock price milestone of $100.00 per share on or before March 11, 2027 (the "Expiration Date") and (ii) a service-based vesting condition whereby the reporting person must remain employed with the Company through March 11, 2024 (the "Service Vesting Condition").
F2 (Continued from footnote 1) Maximum PRSUs (as defined in footnote 3) (inclusive of the Target PRSUs) vest upon the satisfaction of both (i) a stock price performance vesting condition in which the average closing price of the Common Stock for a 20 consecutive trading day period must meet or exceed the stock price milestone of $120.00 per share on or before the Expiration Date and (ii) the Service Vesting Condition. Shares of Common Stock will be delivered to the reporting person upon vesting of the PRSUs earned and the passage of a 1-year post-vesting deferred settlement period.
F3 Represents the maximum number of PRSUs ("Maximum PRSUs"). Target number of PRSUs is 36,202 ("Target PRSUs").