Form 4: Surgery Partners CFO Sells Shares for Tax

Surgery Partners, Inc. Chief Financial Officer David T. Doherty sold 8,867 shares of common stock to cover tax obligations related to restricted stock vesting.

Summary

• David T. Doherty, Chief Financial Officer of Surgery Partners, Inc. (SGRY), reported a transaction on March 16, 2026.
• Doherty disposed of 8,867 shares of common stock.
• The shares were sold at a weighted average price of $12.5 per share.
• The sale was conducted to satisfy tax withholding obligations associated with the vesting of restricted stock on March 4, 2026.
• Following this transaction, Doherty beneficially owns 221,679 shares of Surgery Partners, Inc. common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was explicitly for tax withholding obligations related to restricted stock vesting, a common and often pre-planned occurrence for executives.

Industry Context

StockSavvy.ai notes that routine insider sales to cover tax obligations upon restricted stock vesting are common across industries and typically do not signal a change in management's outlook or company fundamentals. This transaction aligns with standard compensation practices for executives.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary sale for tax purposes, not indicative of a change in insider sentiment.

Key Dates

Keywords

Surgery Partners, SGRY, Form 4, Insider Trading, Stock Sale, CFO, Tax Obligations, Restricted Stock