Form 4: Ensign Group CEO Reports Tax Withholding on Vested Restricted Stock
SEC Form 4 Filing
Barry Port, CEO of Ensign Group, reports the withholding of shares to cover taxes on a vested portion of a restricted stock award.
Summary
- Barry Port, the CEO of Ensign Group, filed a Form 4 to report changes in beneficial ownership of company stock.
- The report indicates that 548 shares of common stock were disposed of on May 20, 2024, to cover taxes related to the vesting of a restricted stock award.
- The shares were disposed of at a price of $119.56 per share.
- Following the transaction, Port directly owns 55,582 shares and indirectly owns 140,829 shares through a trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax withholding on vested equity, so it doesn't carry strong positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding event related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | Date of Restricted Stock Award grant, vesting in five equal annual installments beginning May 18, 2024. |
| 05/20/2024 | Date of transaction: 548 shares disposed of for tax withholding. |
| 05/22/2024 | Date of Form 4 filing. |
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