Form 4: Brookdale Senior Living Executive Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
H. Todd Kaestner, EVP at Brookdale Senior Living, reports withholding shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 27, 2025, H. Todd Kaestner, an Executive Vice President at Brookdale Senior Living Inc., had 37,538 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $5.86 per share.
- Following the transaction, Kaestner directly owns 390,616 shares of Brookdale Senior Living Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard procedure for covering tax obligations related to vested stock.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates routine tax-related share withholding, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Share withholding for tax obligations. |
| 03/03/2025 | Date of signature on the report. |
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