Ardent Health EVP granted 24,904 restricted shares
Ardent Health EVP, GC and Secretary Stephen C. Petrovich received a grant of 24,904 shares of common stock as restricted stock units that vest in three substantially equal installments on each anniversary of April 1, 2026, subject to continued service.
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Form Type
4
Rhea-AI Filing Summary
Ardent Health EVP, GC and Secretary Stephen C. Petrovich received a grant of 24,904 shares of common stock as restricted stock units that vest in three substantially equal installments on each anniversary of April 1, 2026, subject to continued service. To cover tax obligations on RSU vesting, 1,425 shares on March 31, 2026 at $8.56 and 1,808 shares on April 1, 2026 at $8.67 were withheld rather than sold on the open market. Following these compensation-related transactions, he holds 774,707 shares directly, and 186,225 shares are reported as indirectly held in family GST‑2016 Exempt Family Trusts for which he disclaims beneficial ownership except for any pecuniary interest.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Petrovich Stephen C.
Role
EVP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,808 | $8.67 | $16K |
| Grant/Award | Common Stock | 24,904 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,425 | $8.56 | $12K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 774,707 shares (Direct);
Common Stock — 372,450 shares (Indirect, See footnote)
Footnotes (6)
- F1. Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3.
- F2. Represents the closing price of the common stock of the Issuer on March 31, 2026.
- F3. Represents the closing price of the common stock of the Issuer on April 1, 2026.
- F4. Represents restricted stock units that vest in three substantially equal installments on each anniversary of April 1, 2026, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date
- F5. These securities are held by Emilie K. Petrovich GST-2016 Exempt Family Trust, of which the Reporting Person is the trustee and the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interests therein, if any.
- F6. These securities are held by Stephen C. Petrovich GST-2016 Exempt Family Trust, of which the Reporting Person's spouse is the trustee and the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interests therein, if any.
Key Figures
RSU grant: 24,904 shares
Tax withholding 3/31/2026: 1,425 shares at $8.56
Tax withholding 4/1/2026: 1,808 shares at $8.67
+5 more
8 metrics
RSU grant
24,904 shares
Restricted stock units granted at $0.00 per share
Tax withholding 3/31/2026
1,425 shares at $8.56
Shares withheld to pay taxes on RSU vesting
Tax withholding 4/1/2026
1,808 shares at $8.67
Shares withheld to pay taxes on RSU vesting
Total tax-withheld shares
3,233 shares
Sum of F-code tax-withholding dispositions
Direct holdings after grant
774,707 shares
Common stock directly held following April 1, 2026 transactions
Indirect trust holdings
186,225 shares
Common stock held by GST‑2016 Exempt Family Trusts
3/31/2026 closing price
$8.56
Closing price used for tax-withholding shares on March 31, 2026
4/1/2026 closing price
$8.67
Closing price used for tax-withholding shares on April 1, 2026
Key Terms
restricted stock units, Rule 16b-3, tax-withholding disposition, GST-2016 Exempt Family Trust, +1 more
5 terms
restricted stock units financial
"Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"Shares withheld for payment of taxes upon vesting of restricted stock units in accordance with Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition; transaction_code_description: Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
GST-2016 Exempt Family Trust financial
"These securities are held by Emilie K. Petrovich GST-2016 Exempt Family Trust, of which the Reporting Person is the trustee"
pecuniary interests financial
"The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interests therein, if any."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ARDT executive Stephen C. Petrovich report?
Stephen C. Petrovich reported a grant of 24,904 Ardent Health (ARDT) common shares as restricted stock units, plus 3,233 shares withheld for taxes. These were compensation and tax‑related entries, not open‑market purchases or sales, and updated his reported direct and indirect holdings.
How do the restricted stock units for ARDT vest for Stephen C. Petrovich?
The restricted stock units representing 24,904 Ardent Health shares vest in three substantially equal installments on each anniversary of April 1, 2026. Vesting is conditioned on Petrovich’s continued service with the issuer through each applicable vesting date, as specified in the Form 4 footnote.
What is the role of family trusts in Stephen C. Petrovich’s ARDT holdings?
Some Ardent Health shares are held by the Emilie K. Petrovich and Stephen C. Petrovich GST‑2016 Exempt Family Trusts. The filing notes Petrovich or his spouse serves as trustee, and Petrovich disclaims beneficial ownership of these securities except for any pecuniary interests he may have.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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