Form 4: Agilon Health Chief Accounting Officer Sells Shares to Cover Tax Obligations

Agilon Health's Chief Accounting Officer, Timothy Gertsch, sold 187 shares of common stock to cover income tax obligations related to the vesting of restricted stock units.

Summary

• Timothy Gertsch, the Chief Accounting Officer of Agilon Health, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on May 24, 2024, where 187 shares of common stock were disposed of.
• These shares were withheld by the issuer to satisfy income tax obligations related to the net settlement of restricted stock units.
• The price per share was $6.09.
• Following the transaction, Mr. Gertsch beneficially owns 57,760 shares, including restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to tax obligations, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to withhold shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• The sale of shares to cover tax obligations is a standard practice among publicly traded companies.
• Many companies use restricted stock units as part of their compensation packages, and the tax implications are typically handled through share withholding.
• This type of transaction is not unusual and is generally expected for executives receiving equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• There is no significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Agilon Health, Stock Sale, Restricted Stock Units, Tax Obligations, Timothy Gertsch, Chief Accounting Officer