Form 4: Surgery Partners Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Harrison R. Bane, National Group President of Surgery Partners, Inc., sold 4,045 shares of common stock to cover tax withholding obligations.
Summary
- On March 10, 2025, Harrison R. Bane, National Group President of Surgery Partners, Inc., sold 4,045 shares of common stock.
- The sale was executed at a weighted average price of $24.16 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, Bane directly owns 126,520 shares of Surgery Partners, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations; no indication of positive or negative implications for the company.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| February 28, 2025 | Vesting of restricted stock contributing to tax obligations. |
| March 2, 2025 | Vesting of restricted stock contributing to tax obligations. |
| March 10, 2025 | Date of the stock sale transaction. |
| March 13, 2025 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.