Form 4: DaVita Inc. Executive Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4 Filing
Michael David Staffieri, Chief Operating Officer of DaVita Inc., exercised stock appreciation rights and disposed of shares to cover the base price and tax obligations.
Summary
- On March 13, 2024, Michael David Staffieri, the Chief Operating Officer of DaVita Inc., exercised 50,000 stock appreciation rights at a price of $52.41.
- As a result of this transaction, Staffieri acquired 50,000 shares of common stock.
- Staffieri disposed of 18,825 shares at $139.21 to cover the base price of the stock appreciation rights.
- An additional 15,800 shares were disposed of at $139.21 to satisfy tax withholding obligations.
- Following these transactions, Staffieri directly owns 68,123 shares of DaVita Inc. common stock.
- Staffieri indirectly owns 158,506 shares through the 2012 Staffieri Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an executive's stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for insights into management's view of the company's prospects, although routine exercises of stock options or rights are not always indicative of a particular sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/20/2019 | Stock Appreciation Rights were granted. |
| 06/20/2022 | 50% of Stock Appreciation Rights vested. |
| 03/13/2024 | Date of transaction: Exercise of Stock Appreciation Rights and disposal of shares. |
| 03/15/2024 | Date of Form 4 signature. |
| 06/20/2024 | Expiration date of Stock Appreciation Rights. |
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