Form 4: Select Medical Holdings Corp: Chairman Emeritus Rocco Ortenzio Transfers Shares to Revocable Trust

Rocco A. Ortenzio, Chairman Emeritus and Co-Founder of Select Medical Holdings Corp, reports a transfer of 220,000 shares of common stock to the Rocco A. Ortenzio Revocable Trust.

Summary

• On September 30, 2024, Rocco A. Ortenzio, Chairman Emeritus and Co-Founder of Select Medical Holdings Corp, transferred 220,000 shares of common stock to the Rocco A. Ortenzio Revocable Trust.
• The transaction was a gift, with a price of $0 per share.
• Following the transaction, Mr. Ortenzio directly owns 250,000 shares and indirectly owns 3,778,767 shares through the Rocco A. Ortenzio Revocable Trust.
• He also indirectly owns shares through the Rocco A. Ortenzio Separate Exempt Descendants Trust (3,804,805 shares), Select Investments III, L.P. (30,601 shares), Select AP Investors, L.P. (16,182 shares), and his spouse (10,000 shares).
• Mr. Ortenzio disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a share transfer. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's overall performance or outlook. It reflects personal financial planning by a key executive.

Stakeholder Impact

• The transaction itself is unlikely to have a direct impact on stakeholders, as it is a transfer of shares within the reporting person's control.

Key Dates