Form 4: National Healthcare Corp Executive Exercises Stock Options, Then Disposes of Shares to Cover Costs
SEC Form 4 Filing
Vicki L. Dodson, Sr. VP of Patient Services at National Healthcare Corp, exercised stock options and disposed of shares to cover the exercise price and tax obligations.
Summary
- On March 12, 2024, Vicki L. Dodson, Sr. VP of Patient Services at National Healthcare Corp (NHC), exercised stock options to acquire 3,733 shares of common stock at a price of $53.94 per share.
- On the same day, Dodson disposed of 2,620 shares of common stock at $96.48 to cover the exercise price and withholding tax obligations.
- Following these transactions, Dodson directly owns 6,961.5455 shares of NHC common stock.
- Dodson also holds options to purchase 7,467 shares at $53.94, 12,000 shares at $94.1 and 3,734 shares at $63.96.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock option exercise and share disposal to cover costs. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock. It provides transparency into the transactions of key personnel and their potential views on the company's prospects.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 02/18/2023 | Date exercisable for option to purchase common stock at $63.96 |
| 03/08/2023 | Date of grant for stock options pursuant to the 2020 Omnibus Equity Incentive Plan |
| 03/12/2024 | Transaction date: Exercise of stock options and disposal of shares |
| 03/14/2024 | Date of signature |
| 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 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.