Form 4: Cross Country Healthcare Director's Stock Withholding for Tax Obligations Reported

A recent SEC Form 4 filing reveals Cross Country Healthcare Director Janice Elizabeth Nevin had 3,670 shares of common stock withheld to cover tax obligations related to vested restricted stock.

Summary

• Janice Elizabeth Nevin, a Director at 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 associated with restricted stock that vested on the same date.
• The shares were valued at $13.18 per share for the purpose of this withholding.
• Following this transaction, Janice Elizabeth Nevin beneficially owns 29,936 shares of Common Stock directly.

Sentiment

Score: 6

Explanation: The filing reports a routine tax withholding transaction related to the vesting of restricted stock for a director, which is a standard compensation event and not indicative of negative sentiment.

Positives

• The transaction indicates the vesting of restricted stock, which represents compensation being realized by the director.
• The disposition of shares was a non-discretionary withholding for tax purposes, rather than a voluntary sale by the director, suggesting a routine compensation event.

Negatives

• A reduction in the direct beneficial ownership of Common Stock by 3,670 shares due to tax withholding.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report specific to Cross Country Healthcare Inc. and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership due to tax withholding, which is a common and expected event upon restricted stock vesting and generally not a cause for concern.

Key Dates

Keywords

Cross Country Healthcare, CCRN, Form 4, insider transaction, stock ownership, director, restricted stock, tax withholding