Addus HomeCare (ADUS) CFO executes 2,861-share tax-related sale under 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Addus HomeCare Corp EVP and CFO Brian Poff reported open-market sales of 2,861 shares of common stock. The transactions occurred on two days, involving 2,041 shares on one day and 820 shares on the next, at prices a little above $105 per share. According to the footnotes, these sales were executed under a previously established Rule 10b5-1 trading plan and were made to cover tax obligations arising from the vesting of restricted stock awards. After these sales, Poff continues to hold 63,692 shares of Addus HomeCare common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,861 shares ($304,741)
Net Sell
2 txns
Insider
POFF BRIAN
Role
EVP, Chief Financial Officer
Sold
2,861 shs ($305K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 820 | $105.36 | $86K |
| Sale | Common Stock | 2,041 | $106.98 | $218K |
Holdings After Transaction:
Common Stock — 63,692 shares (Direct)
Footnotes (1)
- 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: 03-04-2025
FAQ
What insider transaction did Addus HomeCare (ADUS) report for Brian Poff?
Addus HomeCare reported that EVP and CFO Brian Poff sold 2,861 shares of common stock in two open-market transactions. These sales were made under a pre-arranged Rule 10b5-1 plan to satisfy tax obligations from vesting restricted stock awards.
What is noted about the trading plan in the Addus HomeCare (ADUS) Form 4?
The Form 4 explains that the sales were executed pursuant to a previously established Rule 10b5-1(c) plan. It also discloses the adoption date of this plan as March 4, 2025, providing context for the automatic nature of the transactions.