Form 4: Ensign Group Executive Chairman Reports Tax Withholding on Restricted Stock Awards
SEC Filing
Christopher R. Christensen, Executive Chairman of Ensign Group, reports the withholding of shares for taxes related to previously granted restricted stock awards.
Summary
- Christopher R. Christensen, Executive Chairman of Ensign Group, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involve the withholding of common stock to cover taxes on restricted stock awards that vested on May 28, 2024.
- A total of 158, 197, and 221 shares were withheld at a price of $118.93 per share, relating to awards granted in 2020, 2021, and 2022 respectively.
- Following these transactions, Christensen directly owns 26,890 shares of Ensign Group common stock.
- Christensen also indirectly owns 839,478 shares through Hobble Creek Investments, LLC, 169,667 shares through the Christensen, Christopher and Claudia Trust, and 147,400 shares through The Christopher R. Christensen 2020 Irrevocable Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax withholding on vested stock awards, indicating a neutral sentiment.
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 transaction has a minimal impact on shareholders as it relates to tax obligations on existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/28/2020 | Date of Restricted Stock Award grant related to tax withholding. |
| 05/27/2021 | Date of Restricted Stock Award grant related to tax withholding. |
| 05/26/2022 | Date of Restricted Stock Award grant related to tax withholding. |
| 05/28/2024 | Date of transaction (tax withholding). |
| 05/30/2024 | Date of Form 4 filing. |
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