Form 4: DaVita Inc. Executive Waters Reports Stock Transactions Following PSU Vesting
SEC Form 4
Kathleen Waters, Chief Legal & Public Affairs Officer at DaVita Inc., reports acquisition and disposal of company stock related to performance stock unit vesting and tax obligations.
Summary
- Kathleen Waters, a Chief Legal & Public Affairs Officer at DaVita Inc., filed a Form 4 detailing changes in her beneficial ownership of DaVita Inc. stock.
- On March 14, 2024, Waters acquired 9,566 shares and 1,059 shares of common stock upon the vesting of performance stock units (PSUs) granted in 2020 and 2021, respectively.
- On March 15, 2024, Waters acquired 7,025 restricted stock units.
- Also on March 15, 2024, Waters disposed of 5,386, 1,669, and 1,024 shares to satisfy tax withholding obligations related to the vesting of PSUs and restricted stock units at a price of $136 per share.
- Following these transactions, Waters beneficially owns 90,868 shares of DaVita Inc. common stock.
- The restricted stock units are scheduled to vest 50% each on March 15, 2027 and March 15, 2028, subject to continued service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The reporting person holds restricted stock units that will vest in 2027 and 2028, subject to continued service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity awards and the subsequent tax-related transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal as it relates to previously awarded compensation.
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 9,566 and 1,059 shares due to PSU vesting. |
| 03/15/2024 | Date of acquisition of 7,025 restricted stock units and disposal of 8,079 shares for tax obligations. |
| 03/15/2027 | Scheduled vesting date for 50% of restricted stock units granted on March 15, 2024. |
| 03/15/2028 | Scheduled vesting date for the remaining 50% of restricted stock units granted on March 15, 2024. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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