Form 4: National Healthcare Corp Director Exercises Stock Options
SEC Form 4
Richard F. LaRoche Jr., a director at National Healthcare Corp, exercised stock options and disposed of shares to cover the exercise price on April 30, 2024.
Summary
- On April 30, 2024, Richard F. LaRoche Jr., a director of National Healthcare Corp (NHC), exercised stock options granted in 2019 to purchase 4,000 shares at $77.92 per share.
- He also exercised options to purchase 3,500 shares at $77.92 per share.
- Additionally, 3,001 shares were withheld by the company to cover the exercise price at $90.87.
- Following these transactions, LaRoche directly owns 200,912 shares of NHC common stock.
- He also has indirect ownership through a ROTH IRA, Family LP (BFLP), Fam. Partnership (LR Ent.), and Fam. Partnership (LFLP).
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of stock option exercises, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock option exercises by a company director, which is a common practice in publicly traded companies to incentivize and reward executives and board members.
Stakeholder Impact
- The exercise of stock options could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/09/2019 | Date of 2019 stock option grant. |
| 05/07/2021 | Date exercisable for 2020 Grant. |
| 05/06/2022 | Date exercisable for 2021 Grant. |
| 05/05/2023 | Date exercisable for 2022 Grant. |
| 05/04/2024 | Date exercisable for 2023 Grant. |
| 04/30/2024 | Date of stock option exercise and share withholding. |
| 05/01/2024 | Date of signature on the Form 4. |
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