Form 4: SEM Executive Sells Shares for Tax Obligations

SELECT MEDICAL HOLDINGS CORP Executive Vice President John F. Duggan disposed of 4,865 shares of common stock to cover tax withholding obligations related to restricted stock vesting.

Summary

• John F. Duggan, Executive Vice President and Director of SELECT MEDICAL HOLDINGS CORP (SEM), reported a transaction on November 1, 2025.
• The transaction involved the disposition of 4,865 shares of common stock.
• The shares were surrendered to satisfy tax withholding obligations incident to the vesting of restricted stock.
• The price per share for the disposition was $13.83.
• Following this transaction, John F. Duggan beneficially owns 194,710 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax obligations related to restricted stock vesting, which is a neutral event from an investment sentiment perspective.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This filing reports a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction by an executive to cover tax liabilities, not a sale indicating a change in confidence.

Key Dates

Keywords

SELECT MEDICAL HOLDINGS CORP, SEM, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Vesting, John F. Duggan