Form 4: CVS Health Executive Samrat S. Khichi Reports Share Surrender for Tax Obligations

EVP, CPO and General Counsel of CVS Health, Samrat S. Khichi, reports the surrender of shares to cover withholding taxes upon vesting of a restricted stock award.

Summary

• On February 28, 2024, Samrat S. Khichi, EVP, CPO and General Counsel of CVS Health Corp, surrendered 6,210 shares of common stock at a price of $75.19 per share to cover withholding taxes.
• Following the transaction, Khichi directly owns 9,750 shares of common stock and 31,921 shares of restricted common stock.
• Khichi also holds options to purchase 66,805 shares of common stock, which become exercisable in four equal annual installments starting April 1, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation and tax obligations, and does not contain any information that would significantly impact investor sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like executives and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to non-public information.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for all publicly traded companies in the United States.
• The details disclosed in this filing are consistent with what is expected for executive compensation and tax obligations.
• Comparable companies such as Walgreens Boots Alliance (WBA) and UnitedHealth Group (UNH) also have similar Form 4 filings when their executives trade company stock.

Key Dates