Form 4: Cross Country Healthcare Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Daniel Joseph White, former Chief Commercial Officer of Cross Country Healthcare, sold shares to cover tax obligations related to vested restricted stock.
Summary
- On March 31, 2024, Daniel Joseph White, former Chief Commercial Officer of Cross Country Healthcare, Inc. (CCRN), disposed of 1,059 and 1,254 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $18.72 per share.
- Following the transactions, White directly owns 15,255 shares of Cross Country Healthcare, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares to cover tax obligations, which is a common practice.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading activity by corporate insiders.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of the stock sale transactions and vesting of restricted stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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