Form 4: Cross Country Healthcare Director Kevin Clark Reports Tax Withholding Share Disposals
SEC Form 4 Filing
Director Kevin Clark of Cross Country Healthcare reports disposing of shares to cover tax obligations related to vested restricted stock.
Summary
- On March 31, 2024, Kevin Clark, a director at Cross Country Healthcare Inc. (CCRN), disposed of 23,758 and 14,560 shares of common stock at a price of $18.72 per share to satisfy tax withholding obligations for restricted stock that vested on the same date.
- Following these transactions, Mr. Clark directly owns 642,397 shares of Cross Country Healthcare Inc.
- Additionally, Mr. Clark's spouse owns 3,961 shares, for which Mr. Clark disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, indicating a neutral sentiment.
Management Comments
- Mr. Clark disclaims beneficial ownership of the shares held by his spouse, except to the extent of his pecuniary interest therein.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The disposal of shares may have a minor impact on shareholders due to the increased supply of shares in the market, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of share disposal for tax withholding and vesting of restricted stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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