Form 4: Ensign Group CEO Barry Port Reports Tax Withholding on Vested Restricted Stock
SEC Form 4 Filing
Ensign Group's CEO, Barry Port, reported the withholding of 649 common stock shares to cover taxes on a restricted stock award that vested on May 30, 2024.
Summary
- Barry Port, CEO of Ensign Group, filed a Form 4 on June 3, 2024, reporting a transaction on May 30, 2024.
- The transaction involved the withholding of 649 shares of common stock to cover taxes related to a restricted stock award.
- The restricted stock award was granted on May 30, 2019, and vests in five equal annual installments starting May 30, 2020.
- The price per share for the tax withholding was $118.49.
- Following the transaction, Port directly owns 53,716 shares of Ensign Group common stock.
- Port also indirectly owns 140,829 shares through a trust with his spouse, Michelle Port, as co-trustee.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing reflects standard tax practices related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/30/2019 | Date of Restricted Stock Award grant |
| 05/30/2020 | First vesting date of the Restricted Stock Award |
| 05/30/2024 | Date of tax withholding transaction |
| 06/03/2024 | Form 4 filing date |
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