Stellato Paul A 4

What Happened
Paul A. Stellato, Vice President, Controller and Chief Accounting Officer of Zimmer Biomet (ZBH), had restricted stock units (RSUs) convert to 1,970 shares on March 6, 2026. To satisfy tax withholding obligations, the company withheld 915 of those shares (633 and 282 shares) and treated those as dispositions at $92.54 per share, totaling $84,674. The RSU conversions are reported as derivative exercises/conversions (code M) and the withholding as tax-related dispositions (code F).

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (filed on time).
• Converted/Acquired: 1,970 shares (1,363 + 607) at $0 cost (RSU vesting).
• Withheld/Disposed for taxes: 915 shares (633 + 282) at $92.54/share = $84,674 total.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to cover tax withholding.
• Footnotes: F1 indicates company withheld shares to satisfy tax obligations; F2 clarifies each RSU equals one share on vesting.
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• This was an RSU vesting event with shares withheld for taxes (a routine administrative transaction), not an open‑market sale or purchase that signals a directional bet.
• For retail investors, conversions of RSUs and related tax withholding are common for employees and officers and typically reflect compensation mechanics rather than a view on the stock.