Form 4: Cross Country Healthcare Director Kevin Clark Reports Acquisition of Shares

Director Kevin Clark acquired 64,211 shares of Cross Country Healthcare stock due to the settlement of performance shares, and reports beneficial ownership of shares held by spouse.

Summary

• On March 26, 2024, Kevin Clark, a director of Cross Country Healthcare, Inc. (CCRN), acquired 64,211 shares of common stock.
• This acquisition was due to the settlement of performance shares granted on March 31, 2021, under the company's Omnibus Stock Incentive Plan.
• The shares were settled based on the achievement of performance targets and are payable in shares of restricted stock.
• The price per share for this transaction was $0.
• Following the transaction, Mr. Clark directly owns 680,715 shares of common stock.
• Mr. Clark also reports indirect beneficial ownership of 3,961 shares held by his spouse, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of share acquisition by a director, which can be interpreted as a positive sign of confidence, but it's not overwhelmingly positive.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may view the director's share acquisition as a positive signal.

Key Dates