Form 4: Addus HomeCare EVP Michael Wattenbarger Sells Shares to Cover Tax Obligations

Michael Wattenbarger, EVP/Chief Information Officer of Addus HomeCare Corp, sold 343 shares of common stock on February 25, 2025, to cover tax obligations related to vesting restricted stock awards.

Summary

• Michael D. Wattenbarger, EVP/Chief Information Officer of Addus HomeCare Corp, reported a transaction involving the sale of company stock.
• On February 25, 2025, Wattenbarger sold 343 shares of Addus HomeCare Corp common stock.
• The sale price was $99.71 per share.
• The transaction was executed under a pre-established 10b5-1 plan.
• The purpose of the sale was to satisfy tax obligations arising from the vesting of restricted stock awards.
• Following the transaction, Wattenbarger directly owns 9,841 shares of Addus HomeCare Corp.
• The reporting was filed on February 27, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock sales for tax purposes, indicating a neutral sentiment.

Industry Context

Sales of shares by company executives are a normal part of executive compensation and financial planning. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the pre-planned nature of the transaction.

Key Dates