Enhabit director stock cashed out at $13.80
Enhabit, Inc. director Erin Hoeflinger reported issuer dispositions of common stock in connection with the company’s cash merger.
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Form Type
4
Rhea-AI Filing Summary
Enhabit, Inc. director Erin Hoeflinger reported issuer dispositions of common stock in connection with the company’s cash merger. Two blocks of common stock totaling 69,305 and 11,100 shares were canceled at $13.80 per share under the merger agreement, with all reported Enhabit holdings converted to cash and no shares remaining after the transactions.
Insider Trade Summary
Disposition: 80,405 shares
Disposition
2 txns
Insider
Hoeflinger Erin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 11,100 | $13.80 | $153K |
| Disposition | Common Stock | 69,305 | $13.80 | $956K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Holdings Before and After:
Common Stock, 80,405 to 0 shares (Direct)
Footnotes (2)
- F1. Pursuant to the Agreement and Plan of Merger ('Merger Agreement'), dated as of February 22, 2026, by and among Enhabit, Inc. (the 'Company'), Anchor Parent, LLC ('Parent'), and Anchor Merger Sub, Inc., a wholly owned subsidiary of Parent ('Merger Sub'), Merger Sub will be merged with and into the Company (the 'Merger'), with the Company surviving the Merger as a wholly owned subsidiary of Parent (the 'Surviving Corporation'). At the effective time of the Merger (the 'Effective Time'), each share of the Company's common stock, par value $0.01 per share, that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $13.80 in cash (the 'Merger Consideration').
- F2. Represents deferred stock units ('DSUs'). Each DSU represents a contingent right to receive one share of common stock of the Company. Pursuant to the Merger Agreement, each DSU that was outstanding as of immediately prior to the Effective Time, was automatically canceled and converted into the right to receive the Merger Consideration, without interest less applicable taxes and withholding.
Key Figures
Disposition block 1: 69,305 shares
Disposition block 2: 11,100 shares
Merger consideration price: $13.80 per share
+2 more
5 metrics
Disposition block 1
69,305 shares
Common Stock disposed to issuer at $13.80 per share
Disposition block 2
11,100 shares
Common Stock disposed to issuer at $13.80 per share
Merger consideration price
$13.80 per share
Cash paid for each Enhabit common share at effective time
Shares following transaction
0 shares
Reported Enhabit common stock holdings after dispositions
Dispose transactions count
2 dispositions
Non-derivative issuer dispositions reported in Form 4
Key Terms
Agreement and Plan of Merger, Merger Consideration, deferred stock units, Effective Time
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger ('Merger Agreement'), dated as of February 22, 2026, by and among Enhabit, Inc."
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 $13.80 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.
deferred stock units financial
"Represents deferred stock units ('DSUs'). Each DSU represents a contingent right to receive one share of common stock of the Company."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Effective Time regulatory
"At the effective time of the Merger (the 'Effective Time'), each share of the Company's common stock..."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Enhabit (EHAB) director Erin Hoeflinger report?
Erin Hoeflinger reported two issuer dispositions of Enhabit common stock. The filing shows blocks of 69,305 and 11,100 shares were canceled and converted to cash as part of a merger transaction at a fixed cash price per share.
Does Erin Hoeflinger still hold Enhabit (EHAB) common stock after these transactions?
According to the Form 4, Hoeflinger’s reported Enhabit common stock holdings fell to zero shares after the dispositions. All reported common shares and related deferred stock units were canceled at the merger’s effective time and converted into the cash merger consideration specified in the agreement.
How are Enhabit (EHAB) deferred stock units treated in the merger?
Each deferred stock unit, representing a contingent right to one Enhabit share, was automatically canceled at the merger’s effective time. These units were converted into the same $13.80 per-share cash merger consideration, less applicable taxes and withholding, consistent with the merger agreement’s terms.
What merger agreement is referenced in Erin Hoeflinger’s Enhabit (EHAB) Form 4?
The filing references an Agreement and Plan of Merger among Enhabit, Anchor Parent, LLC, and Anchor Merger Sub, Inc. Under this agreement, Anchor Merger Sub merged into Enhabit, and each outstanding Enhabit common share was converted into the right to receive cash merger consideration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
