Form 4: Ensign Group VP Beverly Wittekind Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Beverly Wittekind, VP and General Counsel of Ensign Group, Inc., reported disposing of shares to cover tax obligations related to vesting restricted stock awards.
Summary
- On May 28, 2024, Beverly B. Wittekind, VP and General Counsel of Ensign Group, Inc. (ENSG), disposed of a total of 326 shares of common stock to cover tax obligations.
- These disposals were related to taxes withheld on restricted stock awards granted on May 28, 2020, May 27, 2021, and May 26, 2022.
- The shares were disposed of at a price of $118.93 per share.
- Following these transactions, Wittekind directly owns 38,484 shares of Ensign Group common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading disclosures and are common across all publicly listed companies. This transaction is related to tax obligations on vested stock awards, a typical occurrence for executives with equity compensation.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on stakeholders as it is a routine transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 28, 2020 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 28, 2021. |
| May 27, 2021 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 27, 2022. |
| May 26, 2022 | Date of Restricted Stock Award grant that vests in five equal annual installments beginning May 26, 2023. |
| May 28, 2024 | Date of stock disposal for tax obligations. |
| May 30, 2024 | Date of signature on the Form 4 filing. |
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