Addus HomeCare (ADUS) EVP sells shares and receives stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Addus HomeCare Corp EVP and Chief Development Officer Cliff Donald Blessing reported mixed share activity. He sold 371 shares of common stock in an open-market transaction at $114.91 per share under a pre-set 10b5-1 plan to cover tax obligations. He also received a grant of 2,858 restricted shares that vest in equal installments on February 20, 2027, February 20, 2028, and February 20, 2029. Following these transactions, he directly holds 12,888 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 371 shares ($42,632)
Net Sell
2 txns
Insider
BLESSING CLIFF DONALD
Role
EVP, Chief Development Officer
Sold
371 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 371 | $114.91 | $43K |
| Grant/Award | Common Stock | 2,858 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,888 shares (Direct)
Footnotes (1)
- The shares vest in equal installments on each of February 20, 2027, February 20, 2028, and February 20, 2029, subject to customary provisions for continued service and acceleration on a change in control. This transaction reflects the sale of shares, made pursuant to a previously established 10b5-1 plan, for the purpose of satisfying tax obligations due upon the vesting of restricted stock awards granted by the Issuer. Adoption date of referenced 10b5-1(c) plan is: 03/14/2025
FAQ
What insider transactions did Addus HomeCare (ADUS) EVP Cliff Donald Blessing report?
Cliff Donald Blessing reported a small open-market sale and a stock grant. He sold 371 Addus HomeCare common shares and received 2,858 restricted shares, reflecting both a tax-related disposition and an equity-based compensation award in a single Form 4 filing.
What equity award did the Addus HomeCare (ADUS) EVP receive in this Form 4?
He received a grant of 2,858 shares of restricted common stock. According to the disclosure, these shares vest in three equal installments on February 20 in 2027, 2028, and 2029, contingent on continued service and subject to change-in-control acceleration provisions.
How do the new transactions affect the EVP’s Addus HomeCare (ADUS) holdings?
After the reported sale and award, he directly owns 12,888 Addus HomeCare shares. The Form 4 shows this post-transaction balance for his common stock, reflecting both the tax-motivated sale and the addition of unvested restricted shares granted as part of his compensation.
Was the Addus HomeCare (ADUS) EVP’s stock sale discretionary or pre-planned?
The sale was executed under a previously established Rule 10b5-1 trading plan. Footnotes explain the shares were sold to satisfy tax obligations triggered by vesting of restricted stock awards, indicating a pre-planned, tax-driven transaction rather than an opportunistic discretionary sale.