Form 4: Select Medical Holdings Director Acquires Shares in Lieu of Retainer

Director William H. Frist acquired 978 shares of Select Medical Holdings Corp. common stock on April 29, 2025, in lieu of a quarterly retainer.

Summary

• On April 29, 2025, William H. Frist, a director of Select Medical Holdings Corp., acquired 978 shares of common stock.
• The acquisition was made in lieu of a quarterly retainer of $18,000, with the shares acquired at a price of $18.41 each.
• Following the transaction, Frist directly owns 287,499 shares of Select Medical Holdings Corp.
• The transaction was executed under the Select Medical Holdings Corporation 2020 Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which is generally viewed favorably.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of equity in lieu of cash retainer preserves company cash flow.

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice to align their interests with shareholders and conserve company cash.

Related Party Transactions

• The grant of restricted stock to William H. Frist, a director, in lieu of a quarterly retainer is a related party transaction.

Stakeholder Impact

• Shareholders may view the director's increased stake positively.
• The company benefits from conserving cash by issuing equity instead of paying a cash retainer.

Key Dates

Keywords

Select Medical Holdings, Director, Share Acquisition, Form 4, Equity Incentive Plan, William H. Frist, Retainer