Form 4: DaVita Inc. Executive Waters Exercises Stock Appreciation Rights
SEC Filing
Kathleen Waters, Chief Legal & Public Affairs Officer at DaVita Inc., exercised stock appreciation rights, resulting in the acquisition and disposal of common stock.
Summary
- On August 28, 2024, Kathleen Waters, Chief Legal & Public Affairs Officer of DaVita Inc., exercised stock appreciation rights.
- This transaction involved the acquisition of 26,333 shares of common stock at a price of $75.95.
- Waters also disposed of 12,916 shares to cover the base price and 6,800 shares to satisfy tax withholding obligations, both at $154.85.
- Following these transactions, Waters directly owns 89,628 shares of DaVita Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard executive transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade in their company's stock; this provides transparency to the market.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock appreciation rights.
Key Dates
| Date | Description |
|---|---|
| 03/15/2020 | Date the Stock Appreciation Rights were granted. |
| 03/15/2023 | 50% of the Stock Appreciation Rights vested. |
| 03/15/2024 | 50% of the Stock Appreciation Rights vested. |
| 08/28/2024 | Date of the transaction: exercise of stock appreciation rights and related stock disposals. |
| 08/29/2024 | Date of signature on the Form 4 filing. |
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