Addus HomeCare (ADUS) CIO gets 3,117-share grant, sells 577 in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Addus HomeCare Corp executive Michael D. Wattenbarger reported both an equity grant and a small share sale. On February 20, 2026, he acquired 3,117 shares of common stock as a grant with no purchase price, lifting his holdings to 10,913 shares.
The granted shares vest in three equal installments on each of February 20, 2027, 2028, and 2029, subject to continued service and change-in-control provisions. On February 23, 2026, he sold 577 shares at $114.91 per share in an open-market trade under a pre-established Rule 10b5-1 plan to cover tax obligations from restricted stock vesting, leaving him with 10,336 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 577 shares ($66,303)
Net Sell
2 txns
Insider
WATTENBARGER MICHAEL D.
Role
EVP, Chief Information Officer
Sold
577 shs ($66K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 577 | $114.91 | $66K |
| Grant/Award | Common Stock | 3,117 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,336 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: 03/05/2025
FAQ
What insider transactions did Addus (ADUS) executive Michael Wattenbarger report?
Michael Wattenbarger reported a stock grant and a small sale. He received 3,117 Addus shares as an equity award, then sold 577 shares in an open-market trade under a Rule 10b5-1 plan to satisfy tax obligations from restricted stock vesting.
What is the significance of the Rule 10b5-1 plan in this Addus (ADUS) Form 4?
The Rule 10b5-1 plan indicates the 577-share sale was pre-scheduled rather than discretionary. It was adopted on March 5, 2025, and the sale was executed to satisfy tax liabilities triggered by restricted stock vesting, helping separate the transaction from day-to-day trading decisions.