Form 4: National Healthcare Corp Director Exercises Stock Options and Reports Changes in Beneficial Ownership
SEC Form 4
Director Ernest G. Burgess III reports exercising stock options and changes in beneficial ownership of National Healthcare Corp shares.
Summary
- On May 1, 2024, Ernest G. Burgess III, a director of National Healthcare Corp, exercised stock options to acquire 7,500 shares of common stock at a price of $77.92 per share.
- These options were granted on May 9, 2019, under the company's 2010 Omnibus Equity Incentive Plan.
- The director also reported that 6,350 shares were withheld by the company to cover the exercise price at $92.02.
- Following these transactions, Burgess directly owns 0 shares and indirectly owns 86,150 shares through a BTCP Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions.
Stakeholder Impact
- The transaction affects the director's personal holdings and potentially signals confidence (or lack thereof) in the company's future performance, which could influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/09/2019 | Date of grant for the exercised stock options under the 2010 Omnibus Equity Incentive Plan. |
| 05/07/2021 | Date exercisable for Option to Purchase Common Stock [2020 Grant]. |
| 05/06/2022 | Date exercisable for Option to Purchase Common Stock [2021 Grant]. |
| 05/05/2023 | Date exercisable for Option to Purchase Common Stock [2022 Grant]. |
| 05/04/2024 | Date exercisable for Option to Purchase Common Stock [2023 Grant]. |
| 05/01/2024 | Date of transaction: Exercise of stock options and withholding of shares. |
| 05/02/2024 | Date of signature for the Form 4 filing. |
| 05/08/2024 | Expiration date for the exercised stock options. |
| 05/06/2025 | Expiration date for Option to Purchase Common Stock [2020 Grant]. |
| 05/05/2026 | Expiration date for Option to Purchase Common Stock [2021 Grant]. |
| 05/04/2027 | Expiration date for Option to Purchase Common Stock [2022 Grant]. |
| 05/03/2028 | Expiration date for Option to Purchase Common Stock [2023 Grant]. |
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