Form 4: HealthStream Inc. Executive Jeff Cunningham Reports Stock Transactions
SEC Form 4 Filing
Jeff Cunningham, Chief Technology Officer of HealthStream Inc., reports the vesting and disposal of restricted share units and common stock holdings.
Summary
- On March 25, 2024, Jeff Cunningham, the Chief Technology Officer of HealthStream Inc., reported transactions involving HealthStream's common stock.
- Cunningham acquired 7,182 shares of common stock upon the vesting of restricted share units (RSUs).
- He also disposed of 1,749 shares to cover tax liabilities at a price of $26.43 per share.
- The transactions resulted in Cunningham holding 25,281 shares of common stock directly.
- Additionally, Cunningham still holds various restricted share units that are subject to vesting schedules based on continued service and, in some cases, performance criteria.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider, which is a normal part of corporate activity. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2021 | 15% of certain RSUs vested. |
| 01/01/2022 | Start date for performance period related to RSU vesting. |
| 03/17/2022 | 15% of certain RSUs vested. |
| 12/31/2022 | End date for performance period related to RSU vesting. |
| 03/23/2023 | 15% of certain RSUs vested; up to 15% of performance-based RSUs vested. |
| 01/01/2023 | Start date for performance period related to RSU vesting. |
| 03/17/2023 | 20% of certain RSUs vested. |
| 12/31/2023 | End date for performance period related to RSU vesting. |
| 03/11/2024 | 35% of certain RSUs vested. |
| 03/17/2024 | 30% of certain RSUs vested. |
| 03/22/2024 | 15% of certain RSUs vested. |
| 03/23/2024 | 20% of certain RSUs vested; up to 20% of performance-based RSUs vested. |
| 03/25/2024 | Date of reported transactions: RSU vesting and tax liability share disposal. |
| 01/01/2024 | Start date for performance period related to RSU vesting. |
| 03/17/2025 | 35% of certain RSUs vest. |
| 03/22/2025 | 20% of certain RSUs vest. |
| 03/23/2025 | Up to 20% of performance-based RSUs vest. |
| 01/01/2025 | Start date for performance period related to RSU vesting. |
| 03/22/2026 | 30% of certain RSUs vest. |
| 03/23/2026 | Up to 20% of performance-based RSUs vest. |
| 01/01/2026 | Start date for performance period related to RSU vesting. |
| 03/22/2027 | 35% of certain RSUs vest. |
| 03/23/2027 | Up to 25% of performance-based RSUs vest. |
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