Tornos Ivan 4

4 · ZIMMER BIOMET HOLDINGS, INC. · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 10, 2026

Zimmer Biomet (ZBH) CEO Ivan Tornos Converts RSUs; 19,195 Shares Withheld

What Happened

Ivan Tornos, Chairman, President and CEO of Zimmer Biomet (ZBH), had restricted stock units (RSUs) convert into 34,704 shares on March 6, 2026. The company withheld 19,195 of those shares to satisfy tax withholding obligations at an implied value of $92.54 per share, totaling about $1,776,305. The net shares delivered to Tornos after withholding were 15,509.

Key Details

Transaction date: 2026-03-06; Form 4 filed 2026-03-10 (timely).
Mechanics and codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay tax withholding. Footnote F1 confirms withheld shares were used to satisfy tax obligations; F2 notes each RSU equals one share.
Withholding detail: 13,516 shares withheld (first tranche), 2,671 (second), 3,008 (third) at $92.54 each; total withheld value ≈ $1,776,305.
Shares owned after the transaction: not specified in the provided filing excerpt.
Filing timeliness: filed within required period (transaction on 3/6; filed 3/10).

Context

This was a net-share settlement of vested RSUs (not an open-market sale). Withholding shares to satisfy taxes is a common administrative step and does not necessarily indicate a CEO view on the company’s stock direction. For retail investors, conversions/withholdings are routine compensation events rather than deliberate buy/sell signals.

Form 4

Period: 2026-03-06

DirectorChairman, President and CEO

Transactions

Exercise/Conversion
Common Stock
2026-03-06+24,436→ 92,118 total
Tax Payment
Common Stock
[F1]
2026-03-06$92.54/sh−13,516$1,250,771→ 78,602 total
Exercise/Conversion
Common Stock
2026-03-06+4,830→ 83,432 total
Tax Payment
Common Stock
[F1]
2026-03-06$92.54/sh−2,671$247,174→ 80,761 total
Exercise/Conversion
Common Stock
2026-03-06+5,438→ 86,199 total
Tax Payment
Common Stock
[F1]
2026-03-06$92.54/sh−3,008$278,360→ 83,191 total
Exercise/Conversion
Restricted Stock Units
[F2]
2026-03-06−24,436→ 0 total
From: 2026-03-06Exp: 2026-03-06→ Common Stock (24,436 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-03-06−4,830→ 0 total
From: 2026-03-06Exp: 2026-03-06→ Common Stock (4,830 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-03-06−5,438→ 0 total
From: 2026-03-06Exp: 2026-03-06→ Common Stock (5,438 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]Each RSU represents a contingent right to receive one share of Company common stock.

Signature

/s/ Matthew R. St. Louis, Attorney-in-Fact for Ivan Tornos (power of attorney previously filed)|2026-03-10

1 file