Form 4: DaVita Inc. Executive James O. Hearty Reports Stock Transactions
SEC Form 4 Filing
James O. Hearty, Chief Compliance Officer of DaVita Inc., reports the acquisition and disposal of common stock related to performance stock units and restricted stock units.
Summary
- On March 14, 2024, James O. Hearty acquired 3,348 shares of DaVita Inc. common stock upon the vesting of performance stock units granted on March 15, 2020.
- He also acquired 385 shares of common stock upon the vesting of performance stock units granted on March 15, 2021.
- On March 15, 2024, Hearty acquired 2,488 restricted stock units that vest in the future.
- On March 15, 2024, 1,641 shares were withheld to satisfy tax obligations related to the vesting of performance stock units from 2020 and 2021.
- Additionally, 479 shares were withheld for taxes related to the vesting of restricted stock units granted in 2020, and 305 shares were withheld for taxes related to the vesting of restricted stock units granted in 2021.
- Following these transactions, Hearty beneficially owns 24,060 shares of DaVita Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency.
Positives
- The vesting of performance stock units indicates that performance criteria were met, which could be seen as a positive signal.
Future Outlook
The reporting person holds restricted stock units that are scheduled to vest in 2027 and 2028, subject to continued service.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/15/2020 | Date of grant for performance stock units, 100% of which vested on March 15, 2024. |
| 03/15/2021 | Date of grant for performance stock units, 100% of which vested on March 15, 2024. |
| 03/14/2024 | Date of acquisition of common stock due to vesting of performance stock units. |
| 03/15/2024 | Date of acquisition of restricted stock units and withholding of shares for tax obligations. |
| 03/15/2027 | Scheduled vesting date for 50% of the restricted stock units granted on March 15, 2024. |
| 03/15/2028 | Scheduled vesting date for the remaining 50% of the restricted stock units granted on March 15, 2024. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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