Winkler Lori 4

What Happened
Lori Winkler, Senior Vice President and CHRO of Zimmer Biomet (ZBH), had restricted stock units (RSUs) convert into common stock on March 6, 2026. A total of 5,634 RSUs vested/converted (3,935 + 1,699). To cover tax withholding obligations, the company withheld and “disposed” 2,178 shares (1,549 + 629) at $92.54 per share, totaling $201,552. The RSU conversion entries show $0 exercise price (typical for RSU vesting). Net shares delivered to Winkler after withholding: 3,456 shares.

Key Details

• Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-10). Filing appears timely.
• Actions reported: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax obligations.
• Shares converted (acquired): 5,634 RSUs → 5,634 common shares (3,935 + 1,699).
• Shares withheld/disposed for taxes: 2,178 shares at $92.54 each = $201,552 (143,344 + 58,208).
• Net shares received by insider: 3,456 shares.
• Footnotes: F1 — shares withheld by the company to satisfy tax withholding on RSU vesting; F2 — each RSU equals the contingent right to one share.
• Shares owned after transaction: not disclosed in this filing.

Context
This was an RSU vesting/cashless conversion rather than an open-market purchase or a sale for investment purposes. Withholding shares for taxes on vested RSUs is a routine corporate compensation event and does not, by itself, indicate a buy or sell signal about the insider’s view of the company. Transaction codes: M = exercise/conversion of a derivative (here, RSUs); F = payment of exercise price or tax liability (share withholding).