Form 4: Select Medical Holdings Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert G. Breighner JR, Vice President of Compliance at Select Medical Holdings Corp, disposed of shares to cover tax obligations related to vesting restricted stock.
Summary
- On November 5, 2024, Robert G. Breighner JR, Vice President, Compliance of Select Medical Holdings Corp, disposed of 2,659 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $37.21 per share.
- Following the transaction, Breighner directly owns 35,345 shares of Select Medical Holdings Corp.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It is common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of the stock transaction (disposal of shares). |
| 11/07/2024 | Date of signature on the Form 4 filing. |
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