Form 4: Ensign Group President and COO Spencer Burton Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Spencer Burton, President and COO of Ensign Group, disposed of 529 shares of common stock on May 30, 2024, to cover tax obligations related to a restricted stock award.
Summary
- On May 30, 2024, Spencer Burton, the President and COO of Ensign Group, disposed of 529 shares of common stock.
- The transaction was executed to cover tax obligations related to a restricted stock award granted on May 30, 2019.
- The shares were disposed of at a price of $118.49 per share.
- Following the transaction, Burton directly owns 47,234 shares of Ensign Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It is common for executives to sell shares to cover tax obligations arising from vesting equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/30/2019 | Date of the restricted stock award grant |
| 05/30/2020 | Vesting start date of the restricted stock award |
| 05/30/2024 | Date of stock disposal for tax obligations |
| 06/03/2024 | Date of signature on the Form 4 filing |
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