Form 4: NeueHealth Executive Jeff Michael Craig Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
Jeff Michael Craig, GC & Corporate Secretary of NeueHealth, Inc., reported the sale of common stock to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On March 7, 2024, Jeff Michael Craig, GC & Corporate Secretary of NeueHealth, Inc., acquired 582 shares of common stock through the vesting of restricted stock units.
- On the same day, Craig sold 347 shares of common stock at a weighted average price of $9.88 to cover tax obligations.
- On March 8, 2024, Craig sold an additional 224 shares of common stock at a weighted average price of $8.42, also to cover tax obligations.
- Following these transactions, Craig directly owns 4,281 shares of NeueHealth common stock and 581 restricted stock units.
Sentiment
Score: 5
Explanation: The document is neutral as it reports routine stock transactions related to executive compensation. It doesn't indicate any positive or negative sentiment towards the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock transactions. It doesn't necessarily reflect a broader trend in the healthcare industry but rather individual financial planning.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time.
- The sale of shares to cover tax obligations is a common practice among executives receiving equity compensation.
- Comparable companies in the healthcare sector also utilize similar equity-based compensation strategies.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Date restricted stock units began vesting in three equal annual installments |
| 03/07/2024 | Acquisition of 582 shares via vesting of restricted stock units; sale of 347 shares at $9.88 average price. |
| 03/08/2024 | Sale of 224 shares at $8.42 average price. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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