Cross Country Healthcare Inc (CCRN) director's 48,616 shares converted at $13.25
Rhea-AI Filing Summary
Cross Country Healthcare Inc director Janice Elizabeth Nevin reported a disposition of 48,616 shares of common stock on 2026-07-21. These shares were automatically converted into the right to receive $13.25 in cash per share at the effective time of a merger, leaving her with no reported holdings of this stock.
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Insights
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Insider Trade Summary
Net Seller: 48,616 shares
Net Sell
1 txn
Insider
Nevin Janice Elizabeth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2 | 48,616 | $13.25 | $644K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 6, 2026, by and among Cross Country Healthcare, Inc., a Delaware corporation (the "Issuer"), KL Criss Cross Intermediate, LLC, a Delaware limited liability company ("Parent"), and KL Criss Cross Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, (continued in footnote 2)
- F2. at the effective time of the Merger (the "Effective Time"), each (i) share of Issuer common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive $13.25 in cash (the "Merger Consideration") and (ii) each restricted stock award with respect to shares of Common Stock outstanding immediately prior to the Effective Time was fully vested, cancelled and converted into the right to receive an amount in cash equal to the number of shares of Common Stock subject to such award immediately prior to the Effective Time multiplied by the Merger Consideration.
Key Figures
Shares disposed: 48,616 shares
Cash per share: $13.25
Total holdings after transaction: 0 shares
+1 more
4 metrics
Shares disposed
48,616 shares
Common Stock disposed to issuer in connection with merger on 2026-07-21
Cash per share
$13.25
Merger Consideration for each share of Common Stock at the Effective Time
Total holdings after transaction
0 shares
Common Stock directly owned after the reported disposition on 2026-07-21
Restricted stock cash conversion rate
$13.25 per share
Each restricted stock award converted to cash equal to shares times Merger Consideration
Key Terms
Agreement and Plan of Merger, Merger Consideration, Effective Time, restricted stock award
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement")"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"converted into the right to receive $13.25 in cash (the "Merger Consideration")"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Effective Time regulatory
"at the effective time of the Merger (the "Effective Time")"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
restricted stock award financial
"each restricted stock award with respect to shares of Common Stock outstanding"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did CCRN director Janice Elizabeth Nevin report on this Form 4?
She reported disposing of 48,616 shares of Cross Country Healthcare common stock. All shares were converted into the right to receive $13.25 in cash per share at the merger’s effective time, treated as a disposition to the issuer with no shares remaining.
How were CCRN restricted stock awards treated in the merger described in Nevin’s Form 4?
Each restricted stock award became fully vested, then cancelled and converted into cash. The cash amount equaled the number of shares subject to the award immediately before closing multiplied by the $13.25 Merger Consideration per share, aligning treatment with regular common shares.