Form 4: Surgery Partners Executive Danielle Burkhalter Receives Stock Awards

Danielle Burkhalter, Chief Human Resources Officer at Surgery Partners, Inc., reports the acquisition of restricted stock awards.

Summary

• On March 4, 2025, Danielle Burkhalter, Chief Human Resources Officer of Surgery Partners, Inc., acquired 10,084 restricted stock awards (RSAs) at a price of $23.8.
• These RSAs vest in three equal annual installments starting on the first anniversary of the grant date.
• Additionally, Burkhalter acquired 5,882 RSAs at the same price, which vest on the first anniversary of the grant date.
• Following these transactions, Burkhalter beneficially owns 46,153 shares of common stock.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The sentiment is moderately positive as it reflects executive compensation and alignment with shareholder interests.

Positives

• The grant of restricted stock awards aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSAs.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common in publicly traded companies. It provides transparency into the compensation and equity ownership of key executives.

Comparison to Industry Standards

• Stock awards are a common form of executive compensation in the healthcare industry, used to incentivize performance and align management interests with shareholders.
• Companies like HCA Healthcare and Tenet Healthcare also utilize stock awards as part of their executive compensation packages.
• The vesting schedules and grant sizes are generally comparable to industry norms for similar executive roles.

Stakeholder Impact

• Shareholders may view the stock awards as a positive incentive for the executive to drive long-term value.
• Employees may see the executive compensation as a reflection of the company's commitment to its leadership.

Key Dates

Keywords

Surgery Partners, SGRY, restricted stock awards, RSA, beneficial ownership, Form 4, Danielle Burkhalter, Chief Human Resources Officer, stock awards, insider trading