NATIONAL HEALTHCARE (NHC) SVP exercises options and uses shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NATIONAL HEALTHCARE CORP senior vice president Vicki L. Dodson exercised stock options and increased her direct shareholdings. She exercised options for 3,734 shares of common stock at an exercise price of $53.94 per share. To cover the exercise price and related tax obligations, the company withheld 2,034 shares valued at $164.96 per share, a non-market tax-withholding disposition rather than an open-market sale. After these transactions, she directly owns 14,412.5455 shares of common stock. She also continues to hold stock options over 8,000 shares at $94.10 per share expiring on March 5, 2029, 9,000 shares at $90.62 per share expiring on February 24, 2030, and 14,000 shares at $157.13 per share expiring on February 23, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,734 shares exercised/converted
Mixed
6 txns
Insider
Dodson Vicki L
Role
Sr.VP Patient Srvcs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to Purchase Common Stock | 3,734 | $0.00 | -- |
| Exercise | Shares of Common Stock held in my name | 3,734 | $53.94 | $201K |
| Tax Withholding | Shares of Common Stock held in my name | 2,034 | $164.96 | $336K |
| holding | Option to Purchase Common Stock | -- | -- | -- |
| holding | Option to Purchase Common Stock | -- | -- | -- |
| holding | Option to Purchase Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 0 shares (Direct);
Shares of Common Stock held in my name — 16,446.546 shares (Direct)
Footnotes (1)
- These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on March 8, 2023. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d). Shares were withheld by the Company to pay the exercise price and withholding tax obligations. Total amount of shares beneficially owned following transactions reported on this form.
FAQ
What insider transaction did NHC executive Vicki L. Dodson report on this Form 4?
Vicki L. Dodson reported exercising stock options for 3,734 shares of NATIONAL HEALTHCARE CORP common stock. The transaction converted previously granted options into shares, increasing her direct equity stake in the company under the 2020 Omnibus Equity Incentive Plan.
Were any of Vicki L. Dodson’s NHC transactions open-market sales or purchases?
The Form 4 shows no open-market sales or purchases. The transactions consist of an option exercise coded “M” and a tax-withholding disposition coded “F,” where shares were withheld by the company to pay the exercise price and associated tax liabilities.
What NHC stock options does Vicki L. Dodson still hold after this Form 4?
She continues to hold options over 8,000 shares at $94.10 expiring March 5, 2029, 9,000 shares at $90.62 expiring February 24, 2030, and 14,000 shares at $157.13 expiring February 23, 2031, all for NATIONAL HEALTHCARE CORP common stock.
Under what plan were Vicki L. Dodson’s NHC stock options granted and exercised?
The stock options were granted and exercised under the 2020 Omnibus Equity Incentive Plan. The footnotes state that both the grant and exercise of these options are exempt from Section 16(b) short-swing profit rules pursuant to Rule 16b-3(d).