Form 4: Select Medical Holdings CFO Michael Malatesta Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Malatesta, CFO of Select Medical Holdings, disposed of shares to cover tax obligations related to the vesting of restricted stock.
Summary
- On November 5, 2024, Michael F. Malatesta, the Chief Financial Officer of Select Medical Holdings Corp., disposed of 22,070 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $37.21 per share.
- Following the transaction, Malatesta directly owns 170,414 shares of Select Medical Holdings Corp.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction for tax purposes, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 11/07/2024 | Date of signature on the Form 4 filing. |
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