Form 4: Astrana Health Officer John Vong Reports Tax Withholding Share Surrender and Employee Stock Purchase Plan Acquisition

John Vong, Chief Accounting Officer of Astrana Health, Inc., reports a transaction involving the surrender of shares for tax withholding and acquisition of shares through the Employee Stock Purchase Plan.

Summary

• On August 1, 2024, John Vong, Chief Accounting Officer of Astrana Health, Inc., filed a Form 4 indicating changes in beneficial ownership of the company's stock.
• Vong surrendered 67 shares of common stock at a price of $51.57 to cover tax withholding obligations related to the vesting of restricted stock.
• Vong also acquired 76 shares under the issuer's Employee Stock Purchase Plan.
• Following these transactions, Vong beneficially owns 18,290 shares of Astrana Health, Inc.
• This total includes 13,793 shares of restricted stock that will vest in installments over the next several years, subject to continuous employment.
• A Power of Attorney is attached, authorizing Brandon Sim, Chandan Basho, John Vong, and Kathy Diep to act on Vong's behalf in matters related to SEC filings.

Sentiment

Score: 6

Explanation: The document reflects standard insider transactions related to compensation and tax obligations, indicating a neutral sentiment.

Positives

• Vong's participation in the Employee Stock Purchase Plan indicates confidence in the company's future.

Future Outlook

The document outlines the vesting schedule for Vong's restricted stock, indicating continued employment with Astrana Health, Inc. is required for full vesting.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard practices related to executive compensation and tax obligations.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value, similar to the vesting schedule outlined for Vong's shares.
• Tax withholding obligations upon vesting of RSUs are standard practice, and the surrender of shares to cover these obligations is a common method used by executives across various companies.
• Employee Stock Purchase Plans (ESPPs) are widely offered by publicly traded companies, allowing employees to purchase company stock at a discounted rate, fostering employee ownership and engagement.

Stakeholder Impact

• The transactions reported have a minimal direct impact on stakeholders, as they are routine and related to executive compensation and tax obligations.
• Transparency in insider transactions, as provided by this filing, contributes to investor confidence.

Key Dates