Form 4: National Health Investors CFO Exercises Stock Options and Disposes of Shares to Cover Costs
SEC Form 4
John L. Spaid, CFO of National Health Investors, exercised stock options and disposed of shares to cover the exercise price and taxes on September 3, 2024.
Summary
- On September 3, 2024, John L. Spaid, the CFO/EVP Finance of National Health Investors Inc. (NHI), executed transactions involving common stock and stock options.
- Spaid exercised stock options granted on February 25, 2022, February 24, 2023, and February 23, 2024.
- The exercise prices for these options were $53.41 and $54.73 and $57.76.
- A total of 49,637 shares were disposed of at a price of $81.43 to cover the exercise price and taxes associated with the option exercises.
- Following these transactions, Spaid directly owns 38,449.6372 shares of NHI common stock.
- The exercised shares are subject to a Lock-Up Agreement.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to stock options and share disposals, which are common occurrences.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/21/2020 | Grant date of some stock options with an exercise price of $90.79. |
| 02/25/2022 | Grant date of some stock options with an exercise price of $53.41. |
| 02/24/2023 | Grant date of some stock options with an exercise price of $54.73. |
| 02/23/2024 | Grant date of some stock options with an exercise price of $57.76. |
| 09/03/2024 | Date of stock option exercise and share disposal. |
| 09/04/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.