Form 4: Elevance Health Executive Felicia Norwood Reports Stock Transactions
SEC Form 4 Filing
Felicia Norwood, EVP & President of Government Health Benefits at Elevance Health, reports the acquisition and disposal of company stock and stock options.
Summary
- Felicia Norwood, an executive at Elevance Health, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On March 3, 2025, she disposed of 2,613 shares of common stock to cover tax liabilities at a price of $395.5 per share.
- On the same day, she acquired 3,035 restricted share units and 4,213 performance-based restricted share units at $0.
- Following these transactions, Norwood directly owns 31,939 shares of Elevance Health common stock.
- Norwood also acquired an option to purchase 11,549 shares of common stock at an exercise price of $395.5, exercisable in installments starting March 3, 2026.
- After the reported transactions, Norwood beneficially owns 11,549 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a normal part of corporate governance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock disposal, acquisition of restricted share units, and grant of stock options. |
| 03/03/2026 | First vesting date for 1,011 restricted share units and first exercisable date for 3,849 shares of the employee stock option. |
| 03/03/2027 | Vesting date for 1,012 restricted share units. |
| 03/03/2028 | Vesting date for 1,012 restricted share units. |
| 03/03/2035 | Expiration date of the employee stock option. |
| 03/05/2025 | Date of Form 4 filing. |
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