Form 4: AdaptHealth Director Richard Barasch Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Richard Barasch of AdaptHealth Corp. sold 3,559 shares of common stock on June 18, 2024, to cover tax withholding liabilities related to the vesting of a restricted stock grant.
Summary
- On June 18, 2024, Richard Barasch, a director of AdaptHealth Corp., disposed of 3,559 shares of common stock.
- The transaction was executed to satisfy tax withholding liabilities associated with the vesting of a previously issued restricted stock grant.
- The shares were sold at a price of $9.89 per share.
- Following the transaction, Barasch directly owns 438,355 shares of AdaptHealth Corp. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock are a common practice among corporate executives and directors.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of Power of Attorney filing by Richard Barasch with the SEC. |
| 06/18/2024 | Date of the stock transaction where 3,559 shares were disposed of. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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