Form 4: Sanara MedTech Executive Michael McNeil Reports Stock Withholding for Tax Obligations
SEC Form 4
Michael McNeil, Ch. Acct. & Ch. Admin. Officer of Sanara MedTech Inc., reports the withholding of company stock to cover tax obligations related to the vesting of restricted stock.
Summary
- On April 10, 2025, Michael D. McNeil, Ch. Acct. & Ch. Admin. Officer of Sanara MedTech Inc., reported the withholding of common stock by the company to cover tax obligations.
- These withholdings are related to the vesting of restricted stock granted to McNeil on March 8, 2022, March 2, 2023, March 7, 2024 and March 19, 2025.
- A total of 527 shares were withheld at a price of $34.69, 343 shares were withheld at a price of $34.69, 378 shares were withheld at a price of $33.01 and 362 shares were withheld at a price of $34.65.
- Following these transactions, McNeil directly owns 30,911 shares of Sanara MedTech Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a standard procedure for executives receiving stock-based compensation. It reflects the executive's ongoing investment in the company and alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares, but are not expected to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/08/2022 | Date of restricted stock grant related to the withholding of 527 shares. |
| 03/02/2023 | Date of restricted stock grant related to the withholding of 343 shares. |
| 03/07/2024 | Date of restricted stock grant related to the withholding of 378 shares. |
| 03/19/2025 | Date of restricted stock grant related to the withholding of 362 shares. |
| 04/10/2025 | Date of stock withholding transactions. |
| 04/11/2025 | Date of signature on the Form 4. |
Keywords
Sanara MedTech, Michael McNeil, Form 4, Stock Withholding, Restricted Stock, Beneficial Ownership, Tax Obligations, SMTI
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