Form 4: Cross Country Healthcare Director Reports Routine Tax-Related Share Disposition Following Restricted Stock Vesting

Cross Country Healthcare Director Kevin C. Clark reported a disposition of 3,670 common shares on June 1, 2025, to cover tax obligations related to vested restricted stock.

Summary

• Kevin C. Clark, a Director of Cross Country Healthcare Inc. (CCRN), reported a transaction on June 1, 2025.
• The transaction involved the disposition of 3,670 shares of common stock.
• These shares were withheld by the company to satisfy tax withholding obligations upon the vesting of restricted stock.
• The price per share for the disposition was $13.18.
• Following this transaction, Mr. Clark directly beneficially owns 646,498 shares of common stock.
• Additionally, 3,961 shares are indirectly owned by his spouse, for which Mr. Clark disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 7

Explanation: The transaction is a routine tax-related disposition of shares upon vesting of restricted stock, which is a positive event for the insider as it signifies the realization of equity compensation. It does not indicate a negative sentiment or a discretionary sale.

Positives

• The transaction is a routine tax-related disposition, indicating the vesting of restricted stock, which is a positive event for the recipient as it represents the realization of equity compensation.

Negatives

• No inherent negatives; this is a standard tax withholding event and not a discretionary sale by the insider.

Future Outlook

This document does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• "These shares were withheld to satisfy tax withholding obligation for restricted stock which vested on June 1, 2025."

Industry Context

Form 4 filings are routine for corporate insiders. This specific transaction, involving the disposition of shares for tax withholding upon the vesting of restricted stock, is a common and expected occurrence in executive compensation plans across all industries for publicly traded companies. It reflects the standard process of converting equity awards into taxable income.

Comparison to Industry Standards

• This is a standard tax-related disposition of shares upon vesting of restricted stock, a common practice across all publicly traded companies that grant equity compensation.
• It does not reflect a discretionary sale by the insider, aligning with typical executive compensation structures seen in companies like Johnson & Johnson (JNJ) or Apple (AAPL) when their executives' restricted stock vests.

Related Party Transactions

• 3,961 shares are indirectly owned by Mr. Clark's spouse, with Mr. Clark disclaiming beneficial ownership except to the extent of his pecuniary interest therein. This is a standard disclosure for beneficial ownership.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine tax-related transaction and not a discretionary sale.
• No direct impact on employees, customers, suppliers, or creditors from this specific filing.

Key Dates

Keywords

Cross Country Healthcare, CCRN, Form 4, SEC filing, insider transaction, stock vesting, tax withholding, director stock ownership, Kevin C. Clark, restricted stock units