Form 4: Select Medical Holdings Executive Vice President Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael E. Tarvin, Executive Vice President of Select Medical Holdings, disposed of shares to cover tax obligations related to vesting restricted stock.
Summary
- On August 3, 2024, Michael E. Tarvin, Executive Vice President of Select Medical Holdings Corporation, disposed of 35,352 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $34.18 per share.
- Following the transaction, Tarvin directly owns 465,076 shares of Select Medical Holdings Corporation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. Executives often sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/03/2024 | Date of transaction: Michael E. Tarvin disposed of shares. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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