Form 4: Surgery Partners Executive Jennifer Baldock Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jennifer Baldock, Chief Admin & Dev Officer of Surgery Partners, Inc., sold 3,008 shares of common stock to cover tax withholding obligations related to vesting restricted stock.
Summary
- On March 10, 2025, Jennifer Baldock, Chief Admin & Dev Officer of Surgery Partners, Inc., sold 3,008 shares of common stock.
- The sale was executed at a weighted average price of $23.97 per share.
- The transaction was to satisfy tax withholding obligations related to the vesting of restricted stock on February 28, 2025, and March 2, 2025.
- Following the transaction, Baldock directly owns 236,659 shares of Surgery Partners, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with restricted stock units. It's a common practice and doesn't necessarily indicate a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| February 28, 2025 | Vesting of restricted stock. |
| March 2, 2025 | Vesting of restricted stock. |
| March 10, 2025 | Date of stock sale. |
| March 13, 2025 | Date of Form 4 signature. |
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