Form 4: HealthStream CEO Robert Frist Jr. Reports Stock Transactions
SEC Form 4 Filing
Robert Frist Jr., CEO and Chairman of HealthStream Inc., reports the acquisition of restricted share units and details of beneficial ownership.
Summary
- Robert A. Frist Jr., CEO and Chairman of HealthStream Inc. (HSTM), filed a Form 4 detailing changes in beneficial ownership.
- The report indicates that on March 19, 2025, Frist acquired 2,376 restricted share units (RSUs).
- These RSUs represent the contingent right to receive one share of common stock upon vesting.
- The RSUs are subject to a four-year vesting schedule: 15% vest on March 19, 2026, 20% on March 19, 2027, 30% on March 19, 2028, and 35% on March 19, 2029, contingent upon continued service.
- Frist directly holds 4,745,771 shares of common stock.
- Frist indirectly holds shares through various trusts, including The Carolyn Marie Frist 2005 Vested Trust (10,000 shares), The Cate Merriman Frist 2005 Vested Trust (10,000 shares), The Eleanor Knox Frist 2005 Vested Trust (10,000 shares), a grantor retained annuity trust (0 shares), Louise Trust u/a/d 08-16-2007 (18,335 shares), Merriman Trust u/a/d 08-16-2007 (18,334 shares), Marie Trust u/a/d 08-16-2007 (18,334 shares), Knox Trust u/a/d 08-16-2007 (18,334 shares), and Bobby and Melissa Frist Children's 2012 GST-Exempt Trust (595,000 shares).
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard compensation practices and insider ownership transparency.
Future Outlook
The vesting schedule of the RSUs indicates a long-term incentive plan for the CEO, aligning his interests with the company's performance over the next four years.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- The vesting of RSUs incentivizes the CEO to drive long-term value for shareholders.
- Transparency in insider transactions helps maintain investor confidence.
Key Dates
| Date | Description |
|---|---|
| 08-16-2007 | Date of Louise Trust u/a/d, Merriman Trust u/a/d, Marie Trust u/a/d, and Knox Trust u/a/d |
| 03/19/2025 | Date of transaction: Acquisition of 2,376 Restricted Share Units |
| 03/19/2026 | 15% of RSUs vest |
| 03/19/2027 | 20% of RSUs vest |
| 03/19/2028 | 30% of RSUs vest |
| 03/19/2029 | 35% of RSUs vest |
| 03/21/2025 | Date of signature for the Form 4 filing |
Keywords
HealthStream, Robert Frist Jr., Form 4, Beneficial Ownership, Restricted Share Units, RSUs, Stock, Insider Trading
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