Form 4: Select Medical Holdings Executive Vice President Michael Tarvin Reports Share Surrender for Tax Obligations
SEC Form 4
Executive Vice President Michael Tarvin of Select Medical Holdings Corp. reports surrendering shares to cover tax obligations related to vesting restricted stock.
Summary
- On November 5, 2024, Michael E. Tarvin, Executive Vice President of Select Medical Holdings Corporation, surrendered 28,282 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $37.21 per share.
- Following the transaction, Tarvin directly owns 436,794 shares of Select Medical Holdings Corp.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, which is a normal part of executive compensation. There is no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a common practice of surrendering shares to cover tax obligations upon the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of share surrender transaction |
| 11/07/2024 | Date of signature on the Form 4 filing |
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