Form 4: Cross Country Healthcare CEO John Martins Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John Martins, CEO of Cross Country Healthcare, reports acquisition and disposal of common stock related to vesting of restricted shares and tax obligations.
Summary
- On March 31, 2024, John Martins, the CEO of Cross Country Healthcare, acquired 64,270 shares of common stock.
- These shares were acquired as restricted stock that vests in three equal installments on March 31, 2025, March 31, 2026, and March 31, 2027.
- Also on March 31, 2024, Martins disposed of shares to cover tax withholding obligations related to the vesting of restricted stock.
- A total of 17,240 shares were disposed of at a price of $18.72 per share to cover these tax obligations (3,591 + 2,201 + 4,387 + 7,071 = 17,250).
- Following these transactions, Martins directly owns 155,501 shares of Cross Country Healthcare common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock acquisition and disposal for tax obligations. |
| 03/31/2025 | First vesting date for restricted shares. |
| 03/31/2026 | Second vesting date for restricted shares. |
| 03/31/2027 | Final vesting date for restricted shares. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.