Form 4: Ensign Group CEO Barry Port Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Ensign Group's CEO, Barry Port, reported the disposal of common stock to cover tax obligations related to vesting restricted stock awards.
Summary
- Barry Port, CEO of Ensign Group, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On May 28, 2024, Port disposed of 203, 507, and 507 shares of common stock at a price of $118.93 per share to cover tax withholdings related to restricted stock awards.
- These awards were granted on May 28, 2020, May 27, 2021, and May 26, 2022, and vest in five equal annual installments.
- Following these transactions, Port directly owns 54,365 shares and indirectly owns 140,829 shares held in trust.
- The report was filed on May 30, 2024, by Chad A. Keetch as power of attorney for Barry Port.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the CEO's stock transactions related to tax obligations from vesting equity awards, which is a common practice.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/28/2020 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 28, 2021. |
| 05/27/2021 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 27, 2022. |
| 05/26/2022 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 26, 2023. |
| 05/28/2024 | Date of stock disposal transactions to cover tax obligations. |
| 05/30/2024 | Date of Form 4 filing. |
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