Accendra Health (ACH) EVP uses 9,347 shares to cover tax withholding
Rhea-AI Filing Summary
Accendra Health executive Heath H. Galloway transferred 9,347 shares of common stock to the company at $2.03 per share to cover tax withholding on vested restricted stock. This non‑market, tax-withholding disposition leaves him holding 169,094 shares directly, reflecting a routine compensation-related adjustment rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,347 shares
Net Sell
1 txn
Insider
Galloway Heath H
Role
EVP,General Counsel & CorpSecy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,347 | $2.03 | $19K |
Holdings After Transaction:
Common Stock — 169,094 shares (Direct)
Footnotes (1)
- F1. Represents shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock granted to the Reporting Person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Accendra Health (ACH) report for Heath H. Galloway?
Accendra Health reported that EVP and General Counsel Heath H. Galloway surrendered 9,347 common shares at $2.03 each to the company. The shares were used to satisfy tax withholding obligations tied to vesting restricted stock, rather than an open-market sale of shares.
Was Heath H. Galloway’s Accendra Health Form 4 transaction an open-market sale of ACH stock?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Galloway surrendered 9,347 shares back to Accendra Health to cover taxes on vesting restricted stock, a routine administrative step associated with equity compensation, rather than a discretionary sale into the market.
What does transaction code "F" mean in the Accendra Health (ACH) Form 4 filing?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this filing, 9,347 Accendra Health shares were surrendered to satisfy tax withholding obligations arising from restricted stock vesting, rather than being sold into the public market.