Form 4: Select Medical Holdings Director Receives Stock Grant

Marilyn B. Tavenner, a director at Select Medical Holdings, received a grant of 10,000 shares of restricted stock on April 30, 2024.

Summary

• Marilyn B. Tavenner, a director at Select Medical Holdings Corporation, filed a Form 4 on May 1, 2024.
• The form reports a transaction that occurred on April 30, 2024, where Ms. Tavenner acquired 10,000 shares of common stock through a grant.
• These shares were acquired at a price of $0.
• The grant is of restricted stock that will vest in full on April 30, 2025, the first anniversary of the grant date, subject to certain exceptions.
• Following the reported transaction, Ms. Tavenner beneficially owns 54,000 shares of Select Medical Holdings Corporation.

Sentiment

Score: 6

Explanation: The document reports a routine stock grant, which is generally neutral. It indicates confidence in the company's future, but doesn't provide any groundbreaking news.

Positives

• The grant of restricted stock to a director aligns their interests with the long-term performance of the company.

Future Outlook

The director's stock grant vests in one year, aligning her interests with the company's performance over that period.

Industry Context

Stock grants are a common form of executive compensation in the healthcare industry, used to incentivize performance and retain key personnel.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates