Form 4: Cross Country Healthcare Executive Reports Stock Transactions
SEC Form 4 Filing
Phillip Lyn Noe, Chief Information Officer of Cross Country Healthcare, reports acquisition and disposal of company stock related to vesting of restricted shares and tax obligations.
Summary
- On March 31, 2024, Phillip Lyn Noe, the Chief Information Officer of Cross Country Healthcare, engaged in transactions involving the company's common stock.
- Noe acquired 5,502 shares of common stock.
- He also disposed of 1,606 shares, 623 shares, and 605 shares to cover tax withholding obligations at a price of $18.72 per share.
- Following these transactions, Noe directly owns 20,764 shares of Cross Country Healthcare stock.
- The acquisition of 5,502 shares is related to restricted shares vesting in installments on March 31, 2025, March 31, 2026, and March 31, 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock transactions (acquisition and disposal for tax obligations). |
| 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 on the Form 4 filing. |
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