Form 4: Ensign Group Executive Chairman Reports Tax Withholding on Vested Restricted Stock
SEC Form 4 Filing
Christopher R. Christensen, Executive Chairman of Ensign Group, reports the withholding of 221 common stock shares for taxes related to a vested portion of a restricted stock award.
Summary
- On May 20, 2024, Christopher R. Christensen, Executive Chairman of Ensign Group, Inc., reported a transaction involving the withholding of 221 shares of common stock for tax purposes.
- The shares were withheld at a price of $119.56 per share.
- Following the transaction, Christensen directly owns 27,466 shares of Ensign Group common stock.
- Christensen also indirectly owns 839,478 shares through Hobble Creek Investments, LLC, 147,400 shares through The Christopher R. Christensen 2020 Irrevocable Trust, and 169,667 shares through the Christensen, Christopher & Claudia Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax withholding on vested stock, and does not indicate any significant 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 the Executive Chairman's stock ownership and transactions related to vested stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax withholding on vested stock.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 18, 2024. |
| 05/20/2024 | Date of transaction: withholding of shares for taxes. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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