4/A: Acadia Healthcare CEO Christopher Hunter Corrects Stock Award in Amended SEC Filing
SEC Filing Amendment
Christopher Hunter, CEO of Acadia Healthcare, files an amended Form 4 to correct the number of shares awarded as restricted stock due to a clerical error.
Summary
- Acadia Healthcare's CEO, Christopher H. Hunter, filed an amended Form 4 with the SEC on March 1, 2024, to correct a previously reported stock award.
- The amendment addresses a clerical error in the original filing from May 11, 2023, which incorrectly stated the award as 14,560 shares instead of the correct amount of 17,290 shares.
- The corrected filing indicates that Mr. Hunter was awarded 17,290 shares of common stock on May 9, 2023, which will vest over a 4-year period in equal yearly installments beginning May 9, 2024.
- The filing also includes a Power of Attorney, effective March 1, 2024, authorizing Brian Farley and Heather B. Dixon to act on Mr. Hunter's behalf in matters related to SEC filings, including Forms 3, 4, and 5.
Sentiment
Score: 7
Explanation: The document is a routine correction of a clerical error in a regulatory filing. It doesn't indicate any fundamental issues with the company, but it does highlight a minor oversight. The sentiment is neutral to slightly positive as it shows transparency in correcting errors.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, such as officers and directors, in their company's stock. Amendments are sometimes necessary to correct errors or omissions in previous filings.
Key Dates
| Date | Description |
|---|---|
| 05/09/2023 | Date of the earliest transaction: Christopher Hunter acquired 17,290 shares of common stock. |
| 05/11/2023 | Original Form 4 filed with incorrect information. |
| 03/01/2024 | Date of Power of Attorney and Amended Form 4/A filing. |
| 05/09/2024 | First vesting date for the restricted stock award. |
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