0001209191-23-023453.txt : 20230405
0001209191-23-023453.hdr.sgml : 20230405
20230405183854
ACCESSION NUMBER: 0001209191-23-023453
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230403
FILED AS OF DATE: 20230405
DATE AS OF CHANGE: 20230405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kenny Kevin J.
CENTRAL INDEX KEY: 0001520400
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19961
FILM NUMBER: 23803869
MAIL ADDRESS:
STREET 1: C/O CARDIOVASCULAR SYSTEMS, INC.
STREET 2: 1225 OLD HIGHWAY 8 NW
CITY: ST. PAUL
STATE: MN
ZIP: 55112
FORMER NAME:
FORMER CONFORMED NAME: Kenny Kevin J
DATE OF NAME CHANGE: 20110510
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Orthofix Medical Inc.
CENTRAL INDEX KEY: 0000884624
STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3451 PLANO PARKWAY
CITY: LEWISVILLE
STATE: TX
ZIP: 75056
BUSINESS PHONE: 214-937-2000
MAIL ADDRESS:
STREET 1: 3451 PLANO PARKWAY
CITY: LEWISVILLE
STATE: TX
ZIP: 75056
FORMER COMPANY:
FORMER CONFORMED NAME: ORTHOFIX INTERNATIONAL N V
DATE OF NAME CHANGE: 19970708
4
1
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-04-03
0
0000884624
Orthofix Medical Inc.
OFIX
0001520400
Kenny Kevin J.
3451 PLANO PARKWAY
LEWISVILLE
TX
75056
0
1
0
0
President of Global Spine
0
Common Stock
2023-04-03
4
F
0
1956
16.75
D
141275
D
Common Stock
2023-04-04
4
A
0
7449
0.00
A
148724
D
Performance Share Units
0.00
2023-04-04
4
A
0
5959
0.00
A
Common Stock
5959
5959
D
Employee Stock Option (Right to Buy)
16.78
2023-04-04
4
A
0
17061
0.00
A
2033-04-04
Common Stock
17061
17061
D
Includes 121,401 previously reported unvested restricted stock units.
Represents performance-based vesting restricted stock units ("PSUs") that will settle as common stock on a one-for-one basis. Under the terms of the grant, the PSUs may vest based upon achievement of an operating expense synergy target (on an annualized basis) for calendar year 2023 (the "Synergy Target"). The amount in the table above represents the target number of PSUs granted. The Synergy Target vesting percentage can be achieved at 100% (if 100% or more of the Synergy Target is achieved), 80% (if 80% but less than 100% of the Synergy Target is achieved), or 0% (if less than 80% of the Synergy Target is achieved).
The options vest and become exercisable with respect to one-third (1/3rd) of the shares covered thereby on the first anniversary of the Grant Date and one-twelfth (1/12th) of the shares covered thereby on each of the 15-month, 18-month, 21-month, 24-month, 27-month, 30-month, 33-month and 36-month anniversaries of the Grant Date.
/s/ Patrick Keran, attorney-in-fact
2023-04-05