Form 4: National Healthcare Corp CEO Stephen Flatt Reports Stock Transaction
SEC Form 4
CEO Stephen Flatt reports the withholding of 1,292 common stock shares to cover tax obligations after restricted stock vested on January 1, 2025.
Summary
- On January 1, 2025, Stephen Flatt, CEO of National Healthcare Corp, had 3,029 shares of restricted stock vest.
- The company withheld 1,292 shares to cover tax obligations related to the vesting.
- Following the transaction, Flatt directly owns 54,665 shares of common stock.
- Flatt also holds options to purchase 4,734 shares at $63.96 expiring on 02/18/2027, 10,000 shares at $53.94 expiring on 03/08/2028 and 15,000 shares at $94.1 expiring on 03/05/2029.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a routine transaction related to stock vesting and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 02/18/2023 | Original grant date of restricted stock that vested on 1/1/2025 |
| 03/08/2023 | Original grant date of restricted stock that vested on 1/1/2025 |
| 03/05/2024 | Original grant date of restricted stock that vested on 1/1/2025 |
| 01/01/2025 | Date of stock vesting and withholding for tax obligations |
| 01/03/2025 | Date of Form 4 filing |
| 02/18/2027 | Expiration date of options to purchase 4,734 shares at $63.96 |
| 03/08/2028 | Expiration date of options to purchase 10,000 shares at $53.94 |
| 03/05/2029 | Expiration date of options to purchase 15,000 shares at $94.1 |
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