Ensign Group (ENSG) COO reports 351-share tax-withholding on equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENSIGN GROUP, INC President and COO Spencer Burton reported a routine tax-withholding event related to equity compensation. On this Form 4, 351 shares of common stock were disposed of at $176.66 per share to cover tax obligations on a restricted stock award. Following this withholding, Burton directly holds 69,015 shares of common stock. The footnote explains that the shares relate to taxes withheld on a restricted stock award granted on May 18, 2023, which vests in five equal annual installments beginning May 18, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burton Spencer
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 351 | $176.66 | $62K |
Holdings After Transaction:
Common Stock — 69,015 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 351 shares
Withholding price: $176.66 per share
Post-transaction holdings: 69,015 shares
+2 more
5 metrics
Tax-withheld shares
351 shares
Shares delivered to cover tax liability on restricted stock
Withholding price
$176.66 per share
Value per share for the 351-share tax-withholding disposition
Post-transaction holdings
69,015 shares
Common stock directly held by Spencer Burton after the transaction
Award grant date
May 18, 2023
Grant date of the restricted stock award underlying this withholding
Vesting schedule
Five equal annual installments
Restricted stock vests annually beginning May 18, 2024
Key Terms
Restricted Stock Award, tax-withholding disposition, Common Stock, vesting
4 terms
Restricted Stock Award financial
"These shares relate to taxes withheld on a Restricted Stock Award granted May 18, 2023"
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vesting financial
"that vests in five equal annual installments beginning May 18, 2024"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did ENSIGN GROUP (ENSG) report for Spencer Burton?
ENSIGN GROUP reported a routine tax-withholding disposition for President and COO Spencer Burton. 351 shares of common stock were withheld to satisfy taxes on a restricted stock award, rather than sold on the open market, and his equity stake remains sizable afterward.
What is the source of the ENSIGN GROUP (ENSG) restricted stock in this filing?
The restricted stock comes from an award granted on May 18, 2023. According to the footnote, it vests in five equal annual installments starting May 18, 2024, and the 351-share disposition reflects taxes withheld as part of that vesting process.
Does Spencer Burton’s ENSIGN GROUP (ENSG) Form 4 indicate an open-market sale?
The Form 4 does not indicate an open-market sale. It shows a tax-withholding disposition coded as “F,” meaning 351 shares were delivered to cover tax liabilities on restricted stock, a common non-market transaction within executive compensation programs.