4//SEC Filing
Gonsalves Paul 4
Accession 0001209191-21-025424
CIK 0000884624other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 6:40 PM ET
Size
8.1 KB
Accession
0001209191-21-025424
Insider Transaction Report
Form 4
Gonsalves Paul
President, Global Extremities
Transactions
- Award
Performance Share Units
2021-04-01+6,988→ 6,988 totalExercise: $0.00→ Common Stock (6,988 underlying) - Award
Common Stock
2021-04-01+6,988→ 17,612 total
Footnotes (2)
- [F1]Represents time-based vesting restricted stock units that vest in 25% increments on the first, second, third and fourth anniversaries of the grant date, April 1, 2021.
- [F2]Represents market-based vesting performance stock units ("PSUs") that will settle as common stock on a one-for-one basis. The performance period of the grant is defined as April 1, 2021 to April 1, 2024. The PSUs will vest based on the percentile rank of the Company's total shareholder return ("TSR") over the performance period in relation to the TSR of the specified index companies. The index companies are based upon the companies included within the S&P 600 Health Care Equipment & Services Industry Group Index (S6HCES) as of April 1, 2021, the grant date. In the event that the Company's TSR ranks at the 75th percentile or greater for the performance period, 200% of the PSUs will vest. In the event that the Company's TSR ranks between the 50th percentile and the 75th percentile, 100-200% of the PSUs will vest and 50-100% of the PSUs will vest if the Company's TSR ranks between the 25th percentile and 50th percentile. No PSUs will vest if the Company ranks below the 25th percentile.
Documents
Issuer
Orthofix Medical Inc.
CIK 0000884624
Entity typeother
Related Parties
1- filerCIK 0001824319
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 6:40 PM ET
- Size
- 8.1 KB