Form 4: National Healthcare Corp CEO Exercises Stock Options and Disposes of Shares to Cover Costs
SEC Form 4
CEO Stephen F. Flatt exercised stock options and disposed of shares to cover the exercise price and tax obligations.
Summary
- On March 12, 2024, Stephen F. Flatt, CEO of National Healthcare Corp, exercised stock options to acquire 2,500 shares of common stock at a price of $53.94 per share.
- Flatt then disposed of 1,810 shares at $96.48 to cover the exercise price and withholding tax obligations.
- Following these transactions, Flatt directly owns 60,225 shares of National Healthcare Corp.
- Flatt also holds options to purchase 12,500 shares at $53.94, and 15,000 shares at $94.1.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/18/2023 | Date of previous option grant with an exercise price of $63.96 and an expiration date of 02/18/2027 |
| 03/08/2023 | Date the stock options exercised on 03/12/2024 were granted pursuant to the 2020 Omnibus Equity Incentive Plan |
| 03/12/2024 | Date of the reported transactions: exercise of stock options and disposal of shares. |
| 03/14/2024 | Date of signature on the Form 4 filing. |
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