Form 4: National Healthcare Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Michael Ussery, President & COO of National Healthcare Corp, disposed of shares to cover tax obligations following the vesting of restricted stock.
Summary
- On January 1, 2025, Robert Michael Ussery, President & COO of National Healthcare Corp, disposed of 1,194 shares of common stock at a price of $107.56.
- This transaction was to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Ussery directly owns 153,038 shares of National Healthcare Corp.
- Ussery also holds options to purchase 4,234 shares at $63.96 expiring on 02/18/2027, 9,000 shares at $53.94 expiring on 03/08/2028 and 13,500 shares at $94.1 expiring on 03/05/2029.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. It is common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of original grant of restricted stock (partially vested on 01/01/2025) |
| 02/18/2023 | Option to Purchase Common Stock $ 63.96 |
| 03/08/2023 | Date of original grant of restricted stock (partially vested on 01/01/2025) |
| 03/05/2024 | Date of original grant of restricted stock (partially vested on 01/01/2025) |
| 03/08/2024 | Option to Purchase Common Stock $ 53.94 |
| 01/01/2025 | Date of transaction: Sale of 1,194 shares to cover tax obligations; vesting of restricted stock. |
| 03/05/2025 | Option to Purchase Common Stock $ 94.1 |
| 02/18/2027 | Expiration Date of Option to Purchase Common Stock $ 63.96 |
| 03/08/2028 | Expiration Date of Option to Purchase Common Stock $ 53.94 |
| 03/05/2029 | Expiration Date of Option to Purchase Common Stock $ 94.1 |
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