Form 4: Concentra Group Holdings Director Acquires Shares Through Stock Grants

Robert A. Ortenzio, a director at Concentra Group Holdings, acquired 12,992 shares of common stock through restricted stock grants.

Summary

• Robert A. Ortenzio, a director at Concentra Group Holdings, received two grants of restricted stock on November 26, 2024.
• The first grant was for 6,496 shares, which will vest in equal annual installments over five years.
• The second grant was also for 6,496 shares, which will vest in full on November 26, 2025, the first anniversary of the grant date.
• Following these transactions, Mr. Ortenzio directly owns 5,526,046 shares of common stock.
• He also indirectly owns 1,032,115 shares through the Robert A. Ortenzio Descendants Trust, 3,070,367 shares through the Rocco A. Ortenzio Separate Exempt Descendants Trust, and 226,286 shares each through three other trusts for his children.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of stock grants to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The stock grants align the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Industry Context

This is a standard practice for incentivizing and retaining key personnel in publicly traded companies. Stock grants are a common form of compensation for directors and executives.

Comparison to Industry Standards

• Stock grants are a common form of compensation for directors and executives in publicly traded companies.
• The vesting schedule of five years for one grant and one year for the other is within typical industry practices.
• Companies like UnitedHealth Group and Cigna also use stock grants as part of their executive compensation packages.

Stakeholder Impact

• The stock grants may have a slightly dilutive effect on existing shareholders, but this is a common practice.
• The grants incentivize the director to work towards the long-term success of the company, which benefits all stakeholders.

Key Dates

Keywords

stock grants, restricted stock, beneficial ownership, director, Form 4, Concentra Group Holdings, insider trading