Phipps Chad F 4

4 · ZIMMER BIOMET HOLDINGS, INC. · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

Zimmer Biomet (ZBH) SVP Chad Phipps Receives RSUs; 1,569 Net Shares

What Happened

Chad F. Phipps, Senior Vice President, Chief Legal, Corporate Affairs and Secretary of Zimmer Biomet (ZBH), had one-third of an RSU award vest on Feb 25, 2026. The 2,626 vested RSUs converted into common shares (transaction code M, $0 exercise price).
The company withheld 1,057 of those shares to satisfy tax withholding obligations (transaction code F) at an implied value of $99.51 per share, totaling approximately $105,182. Net shares delivered to Phipps: 2,626 - 1,057 = 1,569.

Key Details

Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely filing).
Vesting/conversion: 2,626 shares converted from RSUs at $0 exercise price (code M).
Tax withholding: 1,057 shares withheld at $99.51/share for ~$105,182 (code F).
Net increase to insider: 1,569 shares delivered after withholding.
Shares owned after the transaction: not disclosed in this filing.
Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = one-third of RSUs vested on Feb 25, 2026, remaining vest in 2027 and 2028.

Context

This was a routine RSU vesting event (award conversion), not an open-market purchase or voluntary sale. The $0 exercise price reflects RSUs converting to shares on vesting.
Withholding shares to cover taxes is common and does not necessarily indicate bullish or bearish sentiment by the insider.

Form 4

Period: 2026-02-25

See remarks below.

Transactions

Exercise/Conversion
Common Stock
2026-02-25+2,626→ 64,763 total
Tax Payment
Common Stock
[F1]
2026-02-25$99.51/sh−1,057$105,182→ 63,706 total
Exercise/Conversion
Restricted Stock Units
[F2]
2026-02-25−2,626→ 5,249 total
Exercise: $0.00→ Common Stock (2,626 underlying)

Footnotes (2)

[F1]Represents shares withheld by Zimmer Biomet Holdings, Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs").
[F2]One-third of the RSUs vested on February 25, 2026. The remaining RSUs vest one-half on each of February 25, 2027 and February 25, 2028.

Signature

/s/ Matthew R. St. Louis, Attorney-in-Fact for Chad F. Phipps (power of attorney previously filed)|2026-02-27

1 file