Form 4: National Healthcare Corp Executive Exercises Stock Options and Disposes of Shares to Cover Costs
SEC Form 4
Leroy E. McIntosh Jr., SVP at National Healthcare Corp, exercised stock options and disposed of shares to cover the exercise price and tax obligations.
Summary
- On March 12, 2024, Leroy E. McIntosh Jr., SVP of Ancillary Services & Service Strategy at National Healthcare Corp (NHC), exercised stock options to acquire 3,733 shares of common stock at a price of $53.94 per share.
- The exercised options were granted on March 8, 2023, under the 2020 Omnibus Equity Incentive Plan.
- To cover the exercise price and withholding tax obligations, Mr. McIntosh disposed of 2,620 shares at a price of $96.48 per share.
- Following these transactions, Mr. McIntosh directly owns 10,106.8559 shares of NHC common stock.
- He also holds options to purchase 7,467 shares at $53.94, exercisable from March 12, 2024, and expiring on March 8, 2028, and options to purchase 12,000 shares at $94.10, exercisable from March 5, 2025, and expiring on March 5, 2029.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of an executive exercising stock options and selling shares to cover the costs. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Key Dates
| Date | Description |
|---|---|
| 02/18/2023 | Date exercisable for Option to Purchase Common Stock at $63.96 |
| 03/08/2023 | Date stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan |
| 03/12/2024 | Date of transaction: exercise of stock options and disposal of shares. |
| 03/14/2024 | Date of Form 4 filing. |
| 03/05/2025 | Date exercisable for Option to Purchase Common Stock at $94.1 |
| 02/18/2027 | Expiration date for Option to Purchase Common Stock at $63.96 |
| 03/08/2028 | Expiration date for Option to Purchase Common Stock at $53.94 |
| 03/05/2029 | Expiration date for Option to Purchase Common Stock at $94.1 |
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