Form 4: Ensign Group CIO Chad Keetch Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Chad Keetch, CIO, EVP, and Secretary of Ensign Group, disposed of 386 shares of common stock on May 20, 2024, to cover taxes related to a restricted stock award.
Summary
- On May 20, 2024, Chad Keetch, the CIO, EVP, and Secretary of Ensign Group, disposed of 386 shares of common stock.
- The transaction was executed to cover taxes withheld on a restricted stock award granted on May 18, 2023, which vests in five equal annual installments starting May 18, 2024.
- The shares were disposed of at a price of $119.56 per share.
- Following the transaction, Keetch directly owns 88,185 shares of Ensign Group common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations related to stock awards.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | Date of Restricted Stock Award grant |
| 05/18/2024 | First vesting date of the Restricted Stock Award |
| 05/20/2024 | Date of stock disposal for tax obligations |
| 05/22/2024 | Date of Form 4 filing |
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