Form 4: National HealthCare Corp Executive McIntosh Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Leroy E. McIntosh Jr., SVP at National HealthCare Corp, disposed of shares to cover tax obligations after restricted stock vested.
Summary
- On May 31, 2024, Leroy E. McIntosh Jr., a Senior Vice President at National HealthCare Corp (NHC), disposed of 760 shares of common stock at a price of $105.75 per share.
- This transaction was due to the vesting of 2,016 shares of restricted stock originally granted on February 25, 2022, March 8, 2023, and March 5, 2024.
- The company withheld 760 shares to cover tax obligations.
- Following the transaction, McIntosh directly owns 9,346.8559 shares of NHC common stock.
- McIntosh also holds options to purchase 3,734 shares at $63.96, 7,467 shares at $53.94, and 12,000 shares at $94.10.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine tax-related stock disposal.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. This transaction appears to be a standard procedure to cover tax obligations related to vested restricted stock.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of original grant of restricted stock that vested on 5/31/2024 |
| 11/22/2023 | Date of Power of Attorney execution |
| 03/08/2023 | Date of original grant of restricted stock that vested on 5/31/2024 |
| 03/05/2024 | Date of original grant of restricted stock that vested on 5/31/2024 |
| 03/08/2024 | Option to Purchase Common Stock exercisable |
| 05/31/2024 | Transaction date: Disposal of shares to cover tax obligations. |
| 06/03/2024 | Date of Form 4 filing. |
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