Director at Enhabit (EHAB) gives up 21,338 shares for $13.80 cash in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enhabit, Inc. director Stephan Rodgers reported a disposition of equity tied to the company’s merger. He disposed of 21,338 shares of common stock in a transaction classified as a disposition to the issuer at a price of $13.80 per share. These holdings represented deferred stock units, each equal to one share of Enhabit common stock, which were automatically canceled at the merger’s effective time and converted into the right to receive the cash merger consideration. Following this transaction, the filing shows Rodgers with 0 shares of Enhabit common stock directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rodgers Stephan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 21,338 | $13.80 | $294K |
Holdings After Transaction:
Common Stock — 0 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
Shares disposed: 21,338 shares
Merger consideration per share: $13.80 per share
Shares held after transaction: 0 shares
+1 more
4 metrics
Shares disposed
21,338 shares
Deferred stock units canceled at merger effective time
Merger consideration per share
$13.80 per share
Cash paid for each Enhabit common share at effective time
Shares held after transaction
0 shares
Direct Enhabit common stock ownership following disposition
Transaction code
D
Classified as disposition to issuer on 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,"
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"
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"
FAQ
What insider transaction did Enhabit (EHAB) director Stephan Rodgers report?
Stephan Rodgers reported a disposition of 21,338 Enhabit common shares. The shares were deferred stock units that were canceled in connection with the merger and converted into a right to receive cash at $13.80 per share.
Was the Enhabit (EHAB) insider transaction an open-market sale?
No, the transaction is coded as a disposition to the issuer, not an open-market sale. The deferred stock units were automatically canceled at the merger’s effective time and converted into cash merger consideration under the merger agreement.
What happened to Enhabit (EHAB) deferred stock units in the merger?
Each deferred stock unit, representing a contingent right to one Enhabit common share, was automatically canceled at the effective time. In exchange, holders received the cash merger consideration of $13.80 per underlying share, less applicable taxes and withholding.