Form 4: Ensign Group President and COO Spencer Burton Reports Stock Disposals for Tax Obligations
SEC Form 4
Spencer Burton, President and COO of Ensign Group, reported the disposal of common stock to cover tax obligations related to vesting restricted stock awards.
Summary
- On May 28, 2024, Spencer Burton, the President and COO of Ensign Group, Inc. (ENSG), disposed of shares of common stock to cover tax obligations.
- The disposals were related to taxes withheld on restricted stock awards granted in 2020, 2021, and 2022.
- A total of 352 shares were disposed of at a price of $118.93 related to the 2020 award.
- An additional 264 shares were disposed of at a price of $118.93 related to the 2021 award.
- Finally, 282 shares were disposed of at a price of $118.93 related to the 2022 award.
- Following these transactions, Burton directly owns 47,763 shares of Ensign Group common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. This filing indicates standard practice of covering tax obligations related to stock awards.
Stakeholder Impact
- The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the routine nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/28/2020 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 28, 2021. |
| 05/27/2021 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 27, 2022. |
| 05/26/2022 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 26, 2023. |
| 05/28/2024 | Date of transaction: Disposal of shares for tax obligations. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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