Form 4: GoHealth Chief Legal Officer Brad Burd Reports Stock Transaction
SEC Form 4 Filing
Brad Burd, Chief Legal Officer of GoHealth, Inc., reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 5, 2025, Brad Burd, the Chief Legal Officer of GoHealth, Inc., had 814 shares of Class A Common Stock withheld by the company to cover tax obligations.
- This transaction was related to the vesting of 2,778 restricted stock units granted on June 21, 2022.
- Following the transaction, Burd directly owns 157,070 shares of GoHealth, Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested stock, so it doesn't carry strong positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock units, a common form of executive compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time.
- The tax withholding process observed in this filing is standard practice across publicly traded companies.
- Comparable companies in the health insurance sector, such as UnitedHealth Group or Anthem, also utilize RSUs as part of their executive compensation, and their executives are subject to similar tax withholding requirements upon vesting.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
- The transaction affects Brad Burd by reducing his share count to cover tax obligations from vested stock units.
Key Dates
| Date | Description |
|---|---|
| June 21, 2022 | Date of grant for 2,778 restricted stock units to Brad Burd. |
| May 5, 2025 | Date of stock transaction where 814 shares were withheld for tax obligations. |
| May 7, 2025 | Date of signature for the Form 4 filing. |
Keywords
GoHealth, GOCO, Brad Burd, Chief Legal Officer, Form 4, Stock Transaction, Restricted Stock Units, Tax Withholding, Beneficial Ownership
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