Form 4: Cross Country Healthcare CIO Phillip Noe Reports Stock Award Settlement
SEC Form 4
Phillip Noe, Chief Information Officer of Cross Country Healthcare, reports the settlement of performance shares into restricted stock.
Summary
- On March 19, 2025, Phillip Lyn Noe, Chief Information Officer of Cross Country Healthcare, Inc. (CCRN), acquired 3,588 shares of common stock.
- These shares were obtained through the settlement of performance shares granted on March 31, 2022, under the company's Omnibus Stock Incentive Plan.
- The settlement was based on the achievement of performance targets and resulted in the shares being payable as restricted stock.
- Following the transaction, Noe directly owns 13,750 shares of Cross Country Healthcare stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard executive compensation transaction. The achievement of performance targets is a positive, but the filing itself is routine.
Positives
- The settlement of performance shares indicates that performance targets were met, which could be viewed positively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the total number of shares outstanding and may have a minor impact on shareholder equity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of original grant of performance shares under the Omnibus Stock Incentive Plan. |
| 03/19/2025 | Date of transaction: settlement of performance shares into restricted stock. |
| 03/21/2025 | Date of signature on the SEC Form 4 filing. |
Keywords
Cross Country Healthcare, CCRN, Phillip Noe, Chief Information Officer, Stock Award, Performance Shares, Restricted Stock, Beneficial Ownership, SEC Form 4
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