Accendra Health (ACH) CEO surrenders shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Accendra Health President & CEO Edward A. Pesicka reported a tax-related share disposition, not an open-market stock sale. On the Form 4, 58,945 shares of common stock were surrendered at $2.03 per share to cover tax withholding tied to vesting of restricted stock.
These shares were delivered back to the company rather than sold to outside investors. After this transaction, Pesicka directly holds 1,090,477 shares of Accendra Health common stock, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pesicka Edward A
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 58,945 | $2.03 | $120K |
Holdings After Transaction:
Common Stock — 1,090,477 shares (Direct)
Footnotes (1)
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FAQ
What did Accendra Health (ACH) CEO report in this Form 4 filing?
Accendra Health CEO Edward A. Pesicka reported surrendering 58,945 common shares at $2.03 each. The shares were used to satisfy tax withholding on vested restricted stock, rather than being sold in the open market, and he still holds 1,090,477 shares directly.
Was the Accendra Health (ACH) Form 4 a stock sale by the CEO?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Pesicka surrendered 58,945 shares back to the company to cover taxes on vesting restricted stock and continues to own 1,090,477 common shares directly after the transaction.
What does transaction code "F" mean in the Accendra Health (ACH) Form 4?
Transaction code “F” indicates a tax-withholding disposition, where shares are delivered to the issuer to pay taxes or exercise costs. In this case, 58,945 shares were surrendered to cover tax withholding on restricted stock vesting for CEO Edward A. Pesicka.