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