Cross Country Healthcare (CCRN) grants 162,672 restricted shares
Rhea-AI Filing Summary
Cross Country Healthcare, Inc. reported that director Kevin C. Clark received a grant of 162,672 restricted shares of common stock on December 18, 2025 at a price of $0. These restricted stock awards vest in three substantially equal installments on December 18, 2026, March 31, 2027, and March 31, 2028, with later vesting dates aligned to the company’s existing restricted stock schedule.
The grant amount was approved on December 18, 2025 following the termination of a Merger Agreement with Aya Holdings II Inc., Spark Merger Sub One Inc. and Aya Healthcare, Inc. on December 3, 2025. After this award, Mr. Clark beneficially owns 809,170 shares directly and 3,961 shares indirectly through his spouse, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 162,672 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These restricted shares of common stock ("RSAs") vest in three substantially equal installments on each of December 18, 2026, March 31, 2027 and March 31, 2028. The Compensation Committee of the Company's Board of Directors approved the number of RSAs to be granted on December 18, 2025, instead of March 31, 2025, following the termination of the Merger Agreement with Aya Holdings II Inc., Spark Merger Sub One Inc. and Aya Healthcare, Inc. on December 3, 2025. After the initial vesting date 12 months from the grant date, the remaining RSAs will vest on March 31 of the two subsequent years to coincide with the vesting dates of the Company's previously granted RSAs. Represents shares held by Mr. Clark's spouse. Mr. Clark disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did Cross Country Healthcare (CCRN) disclose for Kevin C. Clark?
The company disclosed that director Kevin C. Clark received a grant of 162,672 restricted shares of common stock on December 18, 2025 at a price of $0.
What is Kevin C. Clark’s beneficial ownership in Cross Country Healthcare after this Form 4 transaction?
After the reported transaction, Mr. Clark beneficially owns 809,170 shares of Cross Country Healthcare common stock directly and 3,961 shares indirectly through his spouse.
What type of security was granted to the Cross Country Healthcare director in this filing?
The filing reports a grant of restricted shares of common stock, referred to as restricted stock awards (RSAs), to director Kevin C. Clark.