Form 4: HealthStream SVP Trisha Coady Reports Stock Transactions Following RSU Vesting
SEC Form 4
Trisha Coady, Senior Vice President of HealthStream, reports the acquisition of shares through restricted stock unit (RSU) vesting and subsequent withholding of shares for tax obligations.
Summary
- On March 25, 2024, Trisha L Coady, Senior Vice President of HealthStream Inc, reported transactions related to the vesting of restricted share units (RSUs).
- A total of 8,097 shares were acquired upon the vesting of RSUs at a price of $0.
- 2,744 RSUs vested based on a four-year service-based vesting schedule, with the final 35% vesting on March 11, 2024.
- 1,565 RSUs vested based on a four-year service-based vesting schedule, with the final 35% vesting on March 17, 2025.
- 984 RSUs vested based on a four-year service-based vesting schedule, with the final 30% vesting on March 23, 2025.
- 343 RSUs vested based on a four-year service-based vesting schedule, with the initial 15% vesting on March 22, 2024.
- 2,461 RSUs vested based on performance criteria established by the Compensation Committee, with 20% vesting on March 23, 2024, for the period of January 1, 2023, through December 31, 2023.
- 1,972 shares were withheld for payment of tax liability at a price of $26.43.
- Following these transactions, Coady directly owns 21,952 shares of HealthStream Inc.
Sentiment
Score: 6
Explanation: The document is neutral, reporting routine transactions related to RSU vesting and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Positives
- The vesting of RSUs indicates that Ms. Coady has met certain service and/or performance requirements, suggesting positive contributions to the company.
Industry Context
Form 4 filings are a routine part of the US financial market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard compensation practices of the company.
Key Dates
| Date | Description |
|---|---|
| 03/11/2021 | 15% of certain RSUs vested. |
| 01/01/2022 | Start date for performance period related to certain RSUs. |
| 03/17/2022 | 15% of certain RSUs vested. |
| 12/31/2022 | End date for performance period related to certain RSUs. |
| 03/23/2023 | 15% of certain RSUs vested and up to 15% of performance-based RSUs could have vested. |
| 01/01/2023 | Start date for performance period related to certain RSUs. |
| 03/17/2023 | 20% of certain RSUs vested. |
| 12/31/2023 | End date for performance period related to certain RSUs. |
| 03/22/2024 | 15% of certain RSUs vested. |
| 03/23/2024 | 20% of certain RSUs vested and up to 20% of performance-based RSUs could have vested. |
| 03/25/2024 | Date of reported transactions: RSU vesting and tax withholding. |
| 01/01/2024 | Start date for performance period related to certain RSUs. |
| 03/17/2024 | 30% of certain RSUs vested. |
| 12/31/2024 | End date for performance period related to certain RSUs. |
| 01/01/2025 | Start date for performance period related to certain RSUs. |
| 03/17/2025 | 20% of certain RSUs vest. |
| 03/23/2025 | 20% of certain RSUs vest and up to 20% of performance-based RSUs could vest. |
| 12/31/2025 | End date for performance period related to certain RSUs. |
| 01/01/2026 | Start date for performance period related to certain RSUs. |
| 03/23/2026 | 30% of certain RSUs vest and up to 20% of performance-based RSUs could vest. |
| 12/31/2026 | End date for performance period related to certain RSUs. |
| 03/22/2027 | 35% of certain RSUs vest. |
| 03/23/2027 | Up to 25% of performance-based RSUs could vest. |
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