Form 4: Acadia Healthcare Executive John S. Hollinsworth Reports Stock Disposal

John S. Hollinsworth, EVP of Operations at Acadia Healthcare Company, Inc., reported the disposal of 552 shares of common stock on April 23, 2024, to cover tax obligations.

Summary

• On April 23, 2024, John S. Hollinsworth, an Executive Vice President of Operations at Acadia Healthcare Company, Inc., disposed of 552 shares of common stock.
• The transaction was executed at a price of $70.26 per share.
• This disposal was likely to cover tax obligations related to vesting of stock awards.
• Following the transaction, Hollinsworth directly owns 116,834 shares of Acadia Healthcare Company, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sell-to-cover transaction to meet tax obligations.

Stakeholder Impact

• The disposal of shares by an executive could be perceived negatively by some shareholders, but it is likely a routine transaction to cover tax obligations.

Key Dates