Form 4: Cross Country Healthcare Executive Karen Mote Reports Stock Award Settlement

Karen Mote, President of Cross Country Locums, reports the settlement of performance shares into 3,538 shares of common stock.

Summary

• On March 26, 2024, Karen Mote, President of Cross Country Locums, reported a transaction involving Cross Country Healthcare Inc. (CCRN) common stock.
• The transaction involved the settlement of performance shares granted on March 31, 2021, under the company's Omnibus Stock Incentive Plan.
• These performance shares were settled based on the achievement of performance targets and were payable in 3,538 shares of restricted stock.
• The settlement resulted in Ms. Mote acquiring 3,538 shares of common stock at a price of $0.
• Following the transaction, Ms. Mote directly owns 38,639 shares of Cross Country Healthcare Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock awards. The vesting of performance shares suggests the company is meeting its goals, but it's not a major event.

Positives

• The settlement of performance shares indicates that performance targets were met, which could be viewed positively.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted performance-based equity.

Stakeholder Impact

• The settlement of performance shares dilutes existing shareholders slightly.

Key Dates