Form 4: National Healthcare Corp SVP, CFO Brian F. Kidd Reports Stock Option Exercise and Share Disposal
SEC Form 4
Brian F. Kidd, SVP and CFO of National Healthcare Corp, exercised stock options and disposed of shares to cover the exercise price and tax obligations on May 16, 2025.
Summary
- On May 16, 2025, Brian F. Kidd, the SVP and CFO of National Healthcare Corp (NHC), exercised stock options to acquire 3,734 shares of common stock at a price of $63.96 per share.
- Kidd then disposed of 2,701 shares at $108.61 to cover the exercise price and withholding tax obligations.
- Following these transactions, Kidd directly owns 23,714 shares of NHC common stock.
- Kidd also holds options to purchase additional shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the actions of company executives related to their holdings in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The transactions are related to stock options granted under the company's equity incentive plan, which is a common compensation practice.
- The details provided are consistent with the level of information typically disclosed in such filings.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
- The exercise of stock options is part of the executive compensation plan, which is designed to align management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Date of grant for stock options exercised on 05/16/2025 |
| 02/18/2023 | Earliest exercisable date for options exercised on 05/16/2025 |
| 03/08/2024 | Exercisable date for options to purchase 8,000 shares at $53.94 |
| 03/05/2025 | Exercisable date for options to purchase 12,000 shares at $94.1 |
| 05/16/2025 | Date of stock option exercise and share disposal |
| 02/24/2026 | Exercisable date for options to purchase 13,500 shares at $90.62 |
| 02/18/2027 | Expiration date for options exercised on 05/16/2025 |
| 03/08/2028 | Expiration date for options to purchase 8,000 shares at $53.94 |
| 03/05/2029 | Expiration date for options to purchase 12,000 shares at $94.1 |
| 02/24/2030 | Expiration date for options to purchase 13,500 shares at $90.62 |
| 05/20/2025 | Date of Form 4 filing |
Keywords
stock options, Form 4, National Healthcare Corp, NHC, Brian F. Kidd, CFO, insider trading, beneficial ownership, equity incentive plan
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