HIGGINS ARTHUR J 4
4 · ZIMMER BIOMET HOLDINGS, INC. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Zimmer Biomet (ZBH) Director Arthur J. Higgins Receives Award
What Happened
Arthur J. Higgins, a director of Zimmer Biomet Holdings, Inc. (ZBH), was granted 317.369 phantom stock units on June 30, 2026. The grant is reported as a derivative award (Form 4 code A) with an acquisition price of $0.00. These are phantom/stock units (not an open‑market purchase or sale) recorded under the company's deferred compensation arrangement for non‑employee directors.
Key Details
- Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (appears timely under the two-business-day reporting rule).
- Award: 317.369 phantom stock units; reported price $0.00 (award/grant).
- Conversion: 1-for-1 conversion/exercise ratio — each unit tracks one share for valuation purposes.
- Settlement: Units will be settled in cash in ten annual installments beginning within 60 days after the end of the calendar year in which the director's service ends. (Per filing footnotes.)
- Plan: Units were accrued under the Zimmer Biomet Deferred Compensation Plan for Non‑Employee Directors.
- Shares owned following the transaction: not specified in the filing.
Context
Phantom stock units are deferred compensation that track the value of company stock but are paid in cash (per the filing) rather than issued as actual shares, so they do not immediately confer voting rights or represent direct stock ownership. This award is a routine director compensation event rather than an open‑market purchase or sale.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-06-30+317.369→ 37,674.691 totalExercise: $86.65→ Common Stock (317.369 underlying)
Footnotes (3)
- [F1]The phantom stock units were accrued under the Zimmer Biomet Holdings, Inc. Deferred Compensation Plan for Non-Employee Directors.
- [F2]The Conversion or Exercise Price of Derivative Security is 1-for-1.
- [F3]Units are to be settled in cash in ten annual installments commencing within sixty days after the end of the calendar year in which the cessation of the reporting person's service as a Director occurs.