Form 4: Cross Country Healthcare Executive Marc S. Krug Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Group President of Delivery at Cross Country Healthcare, Marc S. Krug, reports disposing of 1,137 shares to cover tax obligations related to vested restricted stock.
Summary
- On June 14, 2024, Marc S. Krug, Group President, Delivery at Cross Country Healthcare Inc., disposed of 1,137 shares of common stock.
- The disposal was to cover tax withholding obligations for restricted stock that vested on the same date.
- The shares were disposed of at a price of $15.05 per share.
- Following the transaction, Krug directly owns 34,883 shares of Cross Country Healthcare Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations upon the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of stock disposal and vesting of restricted stock. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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