Form 4: DaVita CFO Joel Ackerman Reports Stock Transactions
SEC Form 4 Filing
CFO and Treasurer of DaVita Inc., Joel Ackerman, reports the exercise of stock appreciation rights and subsequent stock transactions.
Summary
- On September 16, 2024, Joel Ackerman, CFO and Treasurer of DaVita Inc., exercised stock appreciation rights.
- This involved the acquisition of 78,999 shares of common stock at a price of $75.95.
- Ackerman then disposed of 36,684 shares at $163.56 to cover the base price of the exercised rights.
- Additionally, 21,602 shares were withheld at $163.56 to satisfy tax obligations related to the transaction.
- Following these transactions, Ackerman directly owns 127,454 shares of DaVita Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider trading activity, which is a normal part of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 03/15/2020 | Stock Appreciation Rights were granted |
| 03/15/2023 | 50% of Stock Appreciation Rights vested |
| 03/15/2024 | 50% of Stock Appreciation Rights vested |
| 09/16/2024 | Earliest transaction date; exercise of stock appreciation rights and stock disposal |
| 09/17/2024 | Date of signature for the Form 4 filing |
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