Form 4: Director Adams Distributes Shares from JMA Grandchildren's Trust for Estate Planning

Director W. Andrew Adams distributed 12,635 shares of National Health Investors Inc (NHI) common stock from the JMA Grandchildren's Trust to its beneficiaries as part of estate planning on September 27, 2024.

Summary

• W. Andrew Adams, a director of National Health Investors Inc (NHI), reported a transaction on September 27, 2024.
• As trustee of the JMA Grandchildren's Trust, Adams distributed 12,635 shares of NHI common stock to the trust's beneficiaries.
• This distribution was part of Adams' estate planning.
• The distributed shares remain subject to a Lock-Up Agreement.
• Adams also reported beneficial ownership of NHI shares through a Revocable Living Trust (708,469 shares), the Adams Family Foundation II (177,000 shares), the W. Andrew Adams Exempt Trust (121,035 shares), and shares held by his spouse (11,707 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a share distribution for estate planning purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock.

Stakeholder Impact

• The distribution of shares from the JMA Grandchildren's Trust may have a minor impact on the shareholder base.
• The Lock-Up Agreement continues to apply to the recipients of the stock.

Key Dates