Form 4: Select Medical Holdings Director William H. Frist Acquires Shares in Lieu of Retainer

Director William H. Frist acquired 543 shares of Select Medical Holdings Corp. common stock on October 29, 2024, in lieu of a pro-rated quarterly retainer.

Summary

• On October 29, 2024, William H. Frist, a director of Select Medical Holdings Corp., acquired 543 shares of common stock.
• The acquisition was made in lieu of a pro-rated quarterly retainer of $18,000, as part of the 2020 Equity Incentive Plan.
• The price per share was $33.14.
• Following the transaction, Frist directly owns 285,534 shares of Select Medical Holdings Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company. The transaction itself is routine.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.

Industry Context

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

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates