Form 4: DaVita Inc. CEO Javier Rodriguez Reports Stock Transactions
SEC Form 4 Filing
DaVita Inc. CEO Javier Rodriguez reports the acquisition and disposal of company stock and derivative securities, including the exercise of stock appreciation rights.
Summary
- Javier Rodriguez, CEO of DaVita Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 26, 2024, Rodriguez exercised stock appreciation rights (SARs) to acquire 450,000 shares at a price of $67.80.
- He then disposed of 243,574 shares to cover the base price of the SARs and 89,128 shares to satisfy tax withholding obligations.
- Additionally, he sold 67,603 shares at a weighted average price of $126.1058.
- On February 27, 2024, Rodriguez sold 7,397 shares at $126.8713.
- On February 28, 2024, Rodriguez exercised SARs to acquire 50,000 shares at a price of $67.80.
- He then disposed of 26,568 shares to cover the base price of the SARs and 10,252 shares to satisfy tax withholding obligations.
- Following these transactions, Rodriguez directly owns 494,480 shares of DaVita Inc. common stock and 1,500,000 stock appreciation rights.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
- The filing provides transparency to stakeholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 11/04/2019 | Award approved by the Compensation Committee of DaVita's Board of Directors, subject to stockholder approval. |
| 01/23/2020 | DaVita's stockholder's approved the Plan Amendment. |
| 11/04/2022 | 50% of the stock appreciation rights vested. |
| 02/26/2024 | Exercise of stock appreciation rights and sale of shares. |
| 02/27/2024 | Sale of shares. |
| 02/28/2024 | Exercise of stock appreciation rights and sale of shares. |
| 02/28/2024 | Date of Form 4 filing. |
| 11/04/2024 | Expiration date of the stock appreciation rights. |
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