Form 4: Surgery Partners Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Danielle Burkhalter, Chief Human Resources Officer of Surgery Partners, Inc., sold shares of common stock to cover tax withholding obligations related to vesting restricted stock.
Summary
- On March 11, 2024, Danielle Burkhalter, Chief Human Resources Officer of Surgery Partners, Inc., sold 127 shares of common stock at a price of $29.59.
- On March 12, 2024, Ms. Burkhalter sold 111 shares of common stock at a price of $29.74.
- These sales were to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following these transactions, Ms. Burkhalter beneficially owns 36,354 shares of Surgery Partners, Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock sales for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the slight increase in selling pressure.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Vesting of restricted stock related to tax withholding obligations. |
| 03/11/2024 | Sale of 127 shares of common stock at $29.59. |
| 03/12/2024 | Sale of 111 shares of common stock at $29.74. |
| 03/13/2024 | Date of signature by Attorney-in-Fact. |
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