Form 4: HealthStream Executive Vice President Michael Collier Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Michael Collier reports the vesting of restricted share units and subsequent tax withholding affecting his HealthStream Inc. holdings.
Summary
- On March 28, 2025, Michael Manning Collier, Executive Vice President of HealthStream Inc. (HSTM), reported transactions involving the company's stock.
- Collier acquired 8,033 shares of common stock upon the vesting of restricted share units (RSUs).
- 1,957 shares were withheld for payment of tax liability at a price of $31.9 per share.
- The transactions resulted in Collier owning 49,482 shares of common stock directly.
- The report also details the vesting of several tranches of RSUs, contingent upon continued service and, in some cases, the achievement of performance criteria.
- Vesting schedules for the RSUs vary, with portions vesting annually from 2022 through 2028.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The vesting of RSUs indicates that performance or service conditions were met, which can be seen as a positive sign.
Negatives
- The withholding of shares for tax liability reduces the number of shares the executive ultimately receives.
Risks
- Future vesting of RSUs is contingent upon continued service and, in some cases, the achievement of performance criteria, which introduces uncertainty.
Future Outlook
Future vesting of RSUs is dependent on continued service and, for some, achievement of performance criteria.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are routinely reported to the SEC.
Stakeholder Impact
- The transactions have a minor impact on shareholders by slightly diluting equity.
Key Dates
| Date | Description |
|---|---|
| 03/17/2022 | 15% of certain RSUs vest, contingent upon continued service. |
| 01/01/2022 12/31/2022 | Performance period for certain RSUs. |
| 03/23/2023 | 15% of certain RSUs vest, contingent upon continued service and 15% of performance based RSUs vest. |
| 01/01/2023 12/31/2023 | Performance period for certain RSUs. |
| 03/17/2023 | 20% of certain RSUs vest, contingent upon continued service. |
| 03/22/2024 | 15% of certain RSUs vest, contingent upon continued service. |
| 01/01/2024 12/31/2024 | Performance period for certain RSUs. |
| 03/23/2024 | 20% of certain RSUs vest, contingent upon continued service and 20% of performance based RSUs vest. |
| 03/20/2025 | 15% of certain RSUs vest, contingent upon continued service. |
| 03/22/2025 | 20% of certain RSUs vest, contingent upon continued service. |
| 01/01/2024 12/31/2024 | Performance period for certain RSUs. |
| 03/23/2025 | 30% of certain RSUs vest, contingent upon continued service and 20% of performance based RSUs vest. |
| 03/28/2025 | Date of reported transactions: vesting of RSUs and tax withholding. |
| 01/01/2025 12/31/2025 | Performance period for certain RSUs. |
| 03/20/2026 | 20% of certain RSUs vest, contingent upon continued service. |
| 03/22/2026 | 30% of certain RSUs vest, contingent upon continued service. |
| 03/23/2026 | 20% of certain RSUs vest, contingent upon continued service and 20% of performance based RSUs vest. |
| 01/01/2026 12/31/2026 | Performance period for certain RSUs. |
| 03/20/2027 | 30% of certain RSUs vest, contingent upon continued service. |
| 03/22/2027 | 35% of certain RSUs vest, contingent upon continued service. |
| 03/23/2027 | 25% of certain RSUs vest, contingent upon continued service and 25% of performance based RSUs vest. |
| 03/20/2028 | 35% of certain RSUs vest, contingent upon continued service. |
Keywords
HealthStream, HSTM, Michael Collier, Executive Vice President, Restricted Share Units, RSU, Vesting, Stock Transaction, Form 4, SEC
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