Form 4: National Healthcare Corp President & COO Ussery Receives Stock Option Grant
SEC Form 4
Robert Michael Ussery, President & COO of National Healthcare Corp, reports the grant of stock options for 15,000 shares of common stock.
Summary
- Robert Michael Ussery, the President & COO of National Healthcare Corp (NHC), filed a Form 4.
- The form reports the grant of stock options to Ussery on February 24, 2025, for 15,000 shares of NHC common stock.
- The exercise price of these options is $90.62 per share.
- The options vest ratably over three years, starting February 24, 2026.
- Ussery directly owns 153,038 shares of NHC common stock.
- Ussery also holds options to purchase 4,234 shares at $63.96 (expiring 02/18/2027), 9,000 shares at $53.94 (expiring 03/08/2028), and 13,500 shares at $94.10 (expiring 03/05/2029).
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock option grants, which is generally neutral. The grant itself can be seen as a positive sign of confidence in the executive's ability to contribute to the company's success, but it's not a major event.
Positives
- The grant of stock options aligns Ussery's interests with those of the shareholders, incentivizing him to improve company performance.
- The vesting schedule encourages long-term commitment from the executive.
Industry Context
Stock option grants are a common practice in the healthcare industry to incentivize executives and align their interests with shareholders.
Stakeholder Impact
- The stock option grant could have a minor positive impact on shareholder sentiment.
- The grant incentivizes the President & COO to improve company performance, which could benefit employees, customers, and other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/18/2023 | Date of existing option to purchase common stock with expiration date 02/18/2027. |
| 03/08/2024 | Date of existing option to purchase common stock with expiration date 03/08/2028. |
| 03/05/2025 | Date of existing option to purchase common stock with expiration date 03/05/2029. |
| 02/24/2025 | Date of stock option grant for 15,000 shares. |
| 02/24/2026 | First vesting date for the newly granted stock options (1/3 of the options). |
| 02/24/2027 | Second vesting date for the newly granted stock options (1/3 of the options). |
| 02/18/2027 | Expiration date of existing option to purchase common stock. |
| 02/24/2028 | Final vesting date for the newly granted stock options (1/3 of the options). |
| 03/08/2028 | Expiration date of existing option to purchase common stock. |
| 03/05/2029 | Expiration date of existing option to purchase common stock. |
| 02/24/2030 | Expiration date for the newly granted stock options. |
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