Form 4: Cross Country Healthcare Executive Redd James V. III Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James V. Redd III, Chief Accounting Officer of Cross Country Healthcare, reports acquisition and disposal of common stock related to vesting of restricted shares and tax obligations.
Summary
- On March 31, 2024, James V. Redd III, Chief Accounting Officer of Cross Country Healthcare, reported changes in beneficial ownership of the company's common stock.
- Redd acquired 4,808 shares of common stock through vesting of restricted shares.
- He also disposed of 1,129, 582, 308 and 392 shares to satisfy tax withholding obligations at a price of $18.72 per share.
- Following these transactions, Redd directly owns 18,441 shares of Cross Country Healthcare common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Positives
- The vesting of restricted shares indicates a continued alignment of the executive's interests with those of the shareholders.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to Cross Country Healthcare and doesn't provide broader industry context.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction (acquisition and disposal of shares). |
| 03/31/2025 | First vesting date for restricted shares. |
| 03/31/2026 | Second vesting date for restricted shares. |
| 03/31/2027 | Third vesting date for restricted shares. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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