Form 4: Sanara MedTech CFO Michael McNeil Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Michael McNeil, CFO of Sanara MedTech Inc., reports the withholding of common stock by the company to cover tax obligations related to the vesting of restricted stock.
Summary
- On March 1, 2024, Sanara MedTech Inc. withheld 687 shares of common stock from Michael D. McNeil, the company's CFO, to cover tax obligations related to the vesting of 2,182 shares of restricted stock granted on March 8, 2022.
- The price per share for this transaction was $38.96.
- An additional 599 shares were withheld on the same date to cover tax obligations related to the vesting of 1,405 shares of restricted stock granted on March 2, 2023, also at a price of $38.96 per share.
- Following these transactions, McNeil directly owns 21,348 shares of Sanara MedTech Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions related to tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock. This filing indicates routine tax obligation fulfillment related to stock vesting.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares, but are primarily relevant to the reporting person's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/08/2022 | Date of restricted stock grant related to the withholding of 687 shares. |
| 03/02/2023 | Date of restricted stock grant related to the withholding of 599 shares. |
| 03/01/2024 | Date of stock withholding for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4. |
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