Phipps Chad F 4

What Happened

• Chad F. Phipps, Senior Vice President, Chief Legal, Corporate Affairs and Secretary at Zimmer Biomet (ZBH), had RSUs convert into company shares on March 6, 2026. A total of 6,786 RSUs vested (4,692 + 2,094) and were converted to common stock (reported as derivative exercises at $0.00).
• To satisfy tax withholding, 2,732 shares (1,889 + 843) were withheld/treated as disposed at $92.54 per share, totaling $252,819. This was a routine vesting and tax-withholding event — not an open-market sale or purchase.

Key Details

• Transaction date: March 6, 2026; Form filed March 10, 2026 (4 days later). Form 4s are normally due within 2 business days of the transaction.
• RSUs vested/converted: 4,692 and 2,094 shares (total 6,786 acquired; reported as exercise/conversion code M at $0.00).
• Tax withholding: 1,889 and 843 shares withheld (total 2,732) at $92.54/share, total value $252,819 (code F).
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one share of common stock.
• Shares owned after the transaction: not specified in the provided excerpt.

Context

• These entries reflect RSU vesting with company share withholding to cover taxes (a common, administrative transaction). The derivative entries at $0.00 reflect conversion of RSUs (no cash exercise price).
• Such withholding transactions are routine and do not necessarily indicate the insider’s market view; they differ from open-market sales or opportunistic insider purchases.