Form 4: Cross Country Healthcare CFO Reports Stock Transactions
SEC Form 4 Filing
William J. Burns, CFO 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, William J. Burns, the CFO of Cross Country Healthcare Inc. [CCRN], acquired 22,036 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.
- On the same day, Burns disposed of 7,308 shares at $18.72, 4,479 shares at $18.72, 2,496 shares at $18.72 and 2,424 shares at $18.72 to cover tax withholding obligations related to the vesting of restricted stock.
- Following these transactions, Burns directly owns 241,600 shares of Cross Country Healthcare Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of restricted stock indicates confidence in the company's future performance.
Future Outlook
The restricted shares will continue to vest in the future, potentially leading to further transactions to cover tax obligations.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock acquisition and disposal. |
| 03/31/2025 | First vesting date of restricted shares. |
| 03/31/2026 | Second vesting date of restricted shares. |
| 03/31/2027 | Third vesting date of restricted shares. |
| 04/02/2024 | Date of Form 4 signature. |
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