Company: OFIX
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000950170-25-026066
Chunk: 72

Company: Orthofix Medical Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 16
Chunk 72
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 a weighted average period of approximately 2.0 years. The aggregate intrinsic value of performance-based restricted stock units outstanding was $16.8 million as of December 31, 2024.A summary of the status of our time-based and performance-based and/or market-based restricted stock units as of December 31, 2024, and 2023, and changes during the year ended December 31, 2024, is presented below:  

        Time-based Restricted StockAwards and Stock Units

        Performance-based and/or Market-basedRestricted Stock Units

        (In thousands)
         
        Shares

        WeightedAverage GrantDate Fair Value

        Shares

        WeightedAverage GrantDate Fair Value

        Outstanding at December 31, 2023

        2,040

        $
        26.96

        9

        $
        22.69

        Granted

        1,264

        $
        13.48

        1,062

        $
        16.73

        Vested and settled

        (1,089
        )
         
        $
        28.41

        (6
        )
         
        $
        16.78

        Cancelled

        (200
        )
         
        $
        16.77

        (105
        )
         
        $
        16.60

        Outstanding at December 31, 2024

        2,015

        $
        18.73

        960

        $
        16.81

19.	Defined contribution plans and deferred compensationDefined Contribution PlansOrthofix sponsors a defined contribution plan (the "401(k) Plan") covering substantially all full-time U.S. employees. The 401(k) Plan allows participants to contribute up to 90% of their pre-tax compensation, subject to certain limitations, with the Company matching 100% of the first 4% of the employee's base compensation. During the years ended December 31, 2024, 2023, and 2022, incurred expenses relating to the 401(k) Plan, including matching contributions, were approximately $5.9 million, $4.6 million, and $3.3 million, respectively.The Company also operates defined contribution plans for its international employees meeting minimum service requirements. The Company’s expenses for such contributions during each of the years ended December 31, 2024, 2023, and 202