Addus HomeCare (NASDAQ: ADUS) EVP trades stock under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Addus HomeCare Corp EVP and Chief Legal Officer Sean Gaffney reported two stock transactions. He received a grant of 3,897 common shares at no cost, vesting in three equal installments on February 20 of 2027, 2028, and 2029. He then executed an open-market sale of 737 shares at $114.91 under a pre-established Rule 10b5-1 plan to cover tax obligations from restricted stock vesting, leaving him with 21,339 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 737 shares ($84,689)
Net Sell
2 txns
Insider
GAFFNEY SEAN
Role
EVP, Chief Legal Officer
Sold
737 shs ($85K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 737 | $114.91 | $85K |
| Grant/Award | Common Stock | 3,897 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,339 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: 03/07/2025
FAQ
What insider transactions did Addus HomeCare (ADUS) report for Sean Gaffney?
Sean Gaffney reported a stock grant of 3,897 Addus HomeCare shares and an open-market sale of 737 shares. The grant was at no cost, while the sale occurred at $114.91 per share under a pre-set 10b5-1 trading plan.
What stock award did Sean Gaffney receive from Addus HomeCare (ADUS)?
Sean Gaffney received a grant of 3,897 shares of Addus common stock at no purchase price. These shares vest in three equal installments on February 20, 2027, February 20, 2028, and February 20, 2029, subject to continued service and change-in-control provisions.
Why did Sean Gaffney’s Addus (ADUS) 10b5-1 plan trigger a stock sale?
The filing states the 737-share sale was made under a previously established Rule 10b5-1 plan. The purpose was to satisfy tax obligations arising from the vesting of restricted stock awards that Addus HomeCare had granted to Sean Gaffney.