Phipps Chad F 4

What Happened
Chad F. Phipps, Senior Vice President, Chief Legal & Corporate Affairs and Secretary of Zimmer Biomet Holdings (ZBH), was granted/awarded 4,692 restricted stock units (RSUs) as a derivative award on 2026-02-19. The reported transaction shows $0.00 paid (typical for performance-based RSU awards); the RSUs represent a contingent right to receive one share of common stock each upon vesting.

Key Details

• Transaction date: 2026-02-19 (Form 4 filed 2026-02-23; filing is within required business-day reporting window).
• Transaction type/code: Award/Grant (A) — derivative RSUs reported at $0.00.
• Amount awarded: 4,692 RSUs.
• Vesting/settlement: These RSUs were granted originally on March 6, 2023 as performance-based awards for the 2023–2025 performance period; the number earned (4,692) was determined 2/19/2026 and will vest on March 6, 2026.
• Footnote: Each RSU converts 1-for-1 into a share upon vesting.
• Shares owned after transaction: Not specified in the summary filing.

Context
This is a performance-based equity award being recognized as earned for the completed performance period; it is not an open-market purchase or sale and does not immediately change outstanding common shares until the RSUs vest and are settled. Such awards are common as part of executive compensation and do not by themselves indicate a buying or selling signal.