Concentra buys 1M shares from director at $34.65
Rhea-AI Filing Summary
Concentra Group Holdings Parent, Inc. (CON) entered into a Stock Repurchase Agreement under which it purchased an aggregate of 1,000,000 shares of common stock at $34.65 per share from director Robert A. Ortenzio and related trusts. Ortenzio disposed of 770,000 shares held directly and 230,000 shares held indirectly through family trusts. After these dispositions, he holds 4,763,794 shares directly, with additional shares held indirectly through the named trusts. The Audit Committee of Concentra’s board, composed solely of Non-Employee Directors, approved the transactions for exemption from Section 16(b) under Rule 16b-3(e).
Positive
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Negative
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Insights
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Insider Trade Summary
Net Seller: 1,000,000 shares
Net Sell
5 txns
Insider
ORTENZIO ROBERT A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2 | 770,000 | $34.65 | $26.68M |
| Disposition | Common Stock F1, F2, F3 | 150,000 | $34.65 | $5.20M |
| Disposition | Common Stock F1, F2, F4 | 30,000 | $34.65 | $1.04M |
| Disposition | Common Stock F1, F2, F5 | 30,000 | $35.65 | $1.07M |
| Disposition | Common Stock F1, F2, F6 | 20,000 | $34.65 | $693K |
Holdings After Transaction:
Common Stock — 4,763,794 shares (Direct);
Common Stock — 882,115 shares (Indirect, By the Robert A. Ortenzio Descendants Trust);
Common Stock — 196,286 shares (Indirect, By the Robert A. Ortenzio 2014 Trust for Kevin M. Ortenzio);
Common Stock — 196,286 shares (Indirect, By the Robert A. Ortenzio 2014 Trust for Bryan A. Ortenzio);
Common Stock — 206,286 shares (Indirect, By the Robert A. Ortenzio 2014 Trust for Madeline G. Ortenzio)
Footnotes (6)
- F1. The shares were sold to the Issuer pursuant to a Stock Repurchase Agreement, dated August 21, 2026, between the Reporting Person (and certain trusts for the benefit of the Reporting Person's descendants) and the Issuer (the "Stock Repurchase Agreement"). Under the Stock Repurchase Agreement, the Issuer agreed to purchase an aggregate of 1,000,000 shares of common stock at a price of $34.65 per share. The Reporting Person sold 770,000 shares held directly and 230,000 shares held indirectly through trusts of which the Reporting Person is the trustee.
- F2. The dispositions reported herein were approved in advance by the Audit Committee of the Issuer's Board of Directors, which consists solely of two or more Non-Employee Directors (as defined in Rule 16b-3), for purposes of exempting the transactions from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3(e) thereunder.
- F3. 150,000 shares were sold from The Robert A. Ortenzio Descendants Trust at $34.65 per share for aggregate proceeds of $5,197,500. The Reporting Person is the trustee of this trust and may be deemed to have voting and investment power over the shares held therein.
- F4. 30,000 shares were sold from the Robert A. Ortenzio 2014 Trust FBO Kevin M. Ortenzio at $34.65 per share for aggregate proceeds of $1,039,500. The Reporting Person is the trustee of this trust and may be deemed to have voting and investment power over the shares held therein.
- F5. 30,000 shares were sold from the Robert A. Ortenzio 2014 Trust FBO Bryan A. Ortenzio at $34.65 per share for aggregate proceeds of $1,039,500. The Reporting Person is the trustee of this trust and may be deemed to have voting and investment power over the shares held therein.
- F6. 20,000 shares were sold from the Robert A. Ortenzio 2014 Trust FBO Madeline G. Ortenzio at $34.65 per share for aggregate proceeds of $693,000. The Reporting Person is the trustee of this trust and may be deemed to have voting and investment power over the shares held therein.
Key Figures
Shares repurchased by issuer: 1,000,000 shares of common stock
Price per share: $34.65 per share
Direct shares disposed: 770,000 shares
+5 more
8 metrics
Shares repurchased by issuer
1,000,000 shares of common stock
Purchased by Concentra under Stock Repurchase Agreement at $34.65 per share
Price per share
$34.65 per share
Repurchase price for 1,000,000 shares from Robert A. Ortenzio and related trusts
Direct shares disposed
770,000 shares
Concentra common stock sold directly by Robert A. Ortenzio to the issuer
Indirect shares disposed via trusts
230,000 shares
Shares sold from family trusts for descendants of Robert A. Ortenzio
Direct holdings after transaction
4,763,794 shares
Concentra common stock held directly by Robert A. Ortenzio after dispositions
Descendants Trust proceeds
$5,197,500
150,000 shares sold at $34.65 per share from The Robert A. Ortenzio Descendants Trust
Each 2014 Trust (Kevin/Bryan) proceeds
$1,039,500
30,000 shares sold at $34.65 per share from each of two 2014 Trusts
Madeline 2014 Trust proceeds
$693,000
20,000 shares sold at $34.65 per share from the 2014 Trust for Madeline G. Ortenzio
Key Terms
Stock Repurchase Agreement, Section 16(b), Rule 16b-3(e), Non-Employee Directors, +1 more
5 terms
Stock Repurchase Agreement financial
"The shares were sold to the Issuer pursuant to a Stock Repurchase Agreement"
Section 16(b) regulatory
"for purposes of exempting the transactions from Section 16(b) of the Securities"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(e) regulatory
"pursuant to Rule 16b-3(e) thereunder"
Non-Employee Directors regulatory
"Audit Committee of the Issuer's Board of Directors, which consists solely of two or more Non-Employee Directors"
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
aggregate proceeds financial
"at $34.65 per share for aggregate proceeds of $5,197,500"
FAQ
What insider transaction did CON report for Robert A. Ortenzio on this Form 4?
Robert A. Ortenzio reported dispositions of 1,000,000 shares of Concentra common stock on August 21, 2026, sold to the company under a Stock Repurchase Agreement at $34.65 per share, including 770,000 shares held directly and 230,000 shares held through family trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.