Form 4: Addus HomeCare EVP/CIO Michael Wattenbarger Executes Stock Option and Sells Shares
SEC Form 4
Michael D. Wattenbarger, EVP/Chief Information Officer of Addus HomeCare Corp, exercised stock options and sold shares on August 26, 2024.
Summary
- On August 26, 2024, Michael D. Wattenbarger, the EVP/Chief Information Officer of Addus HomeCare Corp, exercised employee stock options to acquire 20,000 shares of common stock at a price of $87.80.
- Simultaneously, Wattenbarger sold a total of 21,817 shares of common stock in multiple transactions at weighted average prices ranging from $133.01 to $134.54.
- Following these transactions, Wattenbarger directly owns 7,215 shares of Addus HomeCare Corp common stock and 5,000 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of insider trading activity. The sale of shares could be for personal financial reasons and doesn't necessarily indicate a negative outlook on the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of earliest transaction: exercise of stock options and sale of shares. |
| 08/28/2024 | Date of signature on the Form 4 filing. |
| 11/07/2029 | Expiration date of the Employee Stock Option. |
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