Form 4: Surgery Partners CFO Sells Shares to Cover Tax Obligations

David T. Doherty, CFO of Surgery Partners, Inc., sold 3,426 shares of common stock on March 4, 2024, to cover tax withholding obligations related to vesting restricted stock.

Summary

• David T. Doherty, the Chief Financial Officer of Surgery Partners, Inc., sold 3,426 shares of the company's common stock on March 4, 2024.
• The sale was executed at a weighted average price of $30.37 per share.
• This transaction was to satisfy the reporting person's tax withholding obligations in connection with the vesting of restricted stock on March 2, 2024.
• Following the transaction, Doherty directly owns 96,440 shares of Surgery Partners, Inc.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This filing indicates that the CFO sold shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by the CFO could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares sold.

Key Dates