Enhabit (EHAB) director’s stock and DSUs cashed out in $13.80-per-share merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enhabit, Inc. director Barry P. Schochet reported dispositions of common stock in connection with the company’s cash merger. On May 15, 2026, a total of 64,605 shares of common stock were disposed of to the issuer at $13.80 per share, leaving no common shares directly held after the transaction.
Footnotes explain this occurred under an Agreement and Plan of Merger in which each Enhabit common share was canceled and converted into the right to receive $13.80 in cash. In addition, 7,325 deferred stock units (DSUs), each representing one share of common stock, were also canceled and converted into the same cash merger consideration, less applicable taxes and withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schochet Barry P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 7,325 | $13.80 | $101K |
| Disposition | Common Stock | 64,605 | $13.80 | $892K |
Holdings After Transaction:
Common Stock — 64,605 shares (Direct, null)
Footnotes (1)
- 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). 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
Common shares disposed: 64,605 shares
Disposition price: $13.80 per share
DSUs canceled: 7,325 units
+2 more
5 metrics
Common shares disposed
64,605 shares
Disposition to issuer at $13.80 per share
Disposition price
$13.80 per share
Cash merger consideration for each common share
DSUs canceled
7,325 units
Deferred stock units converted into $13.80 cash each
Post-transaction common holdings
0 shares
Directly held common stock after issuer disposition
Disposition transactions
2 transactions
Both coded D (disposition to issuer) on May 15, 2026
Key Terms
Agreement and Plan of Merger, Merger Consideration, deferred stock units, Effective Time, +1 more
5 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 ... was automatically canceled and converted"
disposition to issuer financial
"transaction_code_description: "Disposition to issuer" for common stock transactions on May 15, 2026"
FAQ
What insider transaction did Enhabit (EHAB) director Barry Schochet report?
Barry Schochet reported disposing of Enhabit common stock back to the issuer. He reported 64,605 shares of common stock returned to the company at $13.80 per share in connection with a cash merger, leaving him with no directly held common shares afterward.
What happened to Barry Schochet’s deferred stock units (DSUs) in the Enhabit (EHAB) merger?
Schochet’s 7,325 deferred stock units were automatically canceled at the merger’s effective time. Each DSU, representing one Enhabit common share, was converted into the right to receive the $13.80 cash Merger Consideration, less any applicable taxes and withholding amounts.
What is the Enhabit (EHAB) merger agreement referenced in Barry Schochet’s Form 4?
The merger agreement is a contract among Enhabit, Anchor Parent, LLC, and Anchor Merger Sub, Inc. It provides that Merger Sub merges into Enhabit, making Enhabit a wholly owned subsidiary of Parent and converting each outstanding common share into $13.80 in cash at the effective time.