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

Harrison R. Bane, National Group President of Surgery Partners, Inc., sold 56,315 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• On February 7, 2025, Harrison R. Bane, National Group President of Surgery Partners, Inc., sold 56,315 shares of common stock.
• The sale was executed at a weighted average price of $25.64 per share.
• The transaction was to satisfy tax withholding obligations related to the vesting of restricted stock on January 31, 2025.
• Following the transaction, Bane directly owns 107,037 shares of Surgery Partners, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations after vesting of restricted stock are a common practice among company executives and are generally not indicative of the company's financial health or future prospects.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates