Christopher M. Hix - Apr 5, 2022 Form 4 Insider Report for Enovis CORP (ENOV)

Signature
/s/ Bradley J. Tandy, Attorney-in-Fact
Stock symbol
ENOV
Transactions as of
Apr 5, 2022
Transactions value $
$0
Form type
4
Date filed
4/7/2022, 09:00 PM
Previous filing
Mar 18, 2022
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENOV Common Stock, par value $.001 Other $0 -2.88K -4.83% $0.00 56.8K Apr 5, 2022 Direct F1, F2, F3
transaction ENOV Common Stock, par value $.001 Other $0 -1.33K -2.34% $0.00 55.5K Apr 5, 2022 Direct F1, F2, F4
transaction ENOV Common Stock, par value $.001 Other $0 -2.45K -4.42% $0.00 53K Apr 5, 2022 Direct F1, F2, F5
transaction ENOV Common Stock, par value $.001 Other $0 -7.07K -13.33% $0.00 46K Apr 5, 2022 Direct F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, the outstanding Company restricted stock units held by Mr. Hix (who, following the Spin-Off, will continue to serve as EVP and Chief Financial Officer of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Enovis and ESAB restricted stock units. The number of shares of Company common stock beneficially owned by Mr. Hix that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company restricted stock units into ESAB restricted stock units, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off.
F2 Each restricted stock unit represents a contingent right to receive one share of Enovis common stock.
F3 These restricted stock units vest in a single installment on December 13, 2022.
F4 These restricted stock units vest in a single installment on February 24, 2023.
F5 These restricted stock units vest in two equal installments on February 22, 2023 and February 22, 2024.
F6 These restricted stock units vest in three equal installments beginning on February 17, 2023.