Form 4: Cross Country Healthcare Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Cynthia Ann Grieco, VP and Corporate Treasurer 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, Cynthia Ann Grieco, VP and Corporate Treasurer of Cross Country Healthcare, reported changes in her beneficial ownership of the company's common stock.
- She acquired 4,488 shares of common stock through vesting of restricted shares.
- She disposed of 500, 412 and 490 shares of common stock at $18.72 per share to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following these transactions, Grieco beneficially owns 9,550 shares of Cross Country Healthcare common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of shares through vesting indicates confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction (acquisition and disposal of shares). |
| 03/31/2025 | First vesting date of restricted shares. |
| 03/31/2026 | Second vesting date of restricted shares. |
| 03/31/2027 | Third vesting date of restricted shares. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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