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

Bradley R. Owens, National Group President of Surgery Partners, Inc., sold shares of common stock to cover tax withholding obligations related to vesting restricted stock.

Summary

• Bradley R. Owens, a National Group President at Surgery Partners, Inc., reported the sale of company common stock.
• The transactions occurred on March 11 and March 12, 2024.
• A total of 632 shares were sold on March 11 at a weighted average price of $29.49.
• On March 12, 968 shares were sold, followed by 1,815 shares, both at a weighted average price of $29.82.
• These sales were executed to satisfy tax withholding obligations related to the vesting of restricted stock on March 10 and March 11, 2024.
• Following these transactions, Owens directly owns 78,338 shares of Surgery Partners, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine stock sales for tax purposes and doesn't suggest any significant positive or negative developments for the company.

Industry Context

This filing is a routine disclosure of insider stock sales to cover tax obligations, which is a common practice among executives who receive stock-based compensation. It doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates