NHC executive exercises 4,000 options, pays taxes in shares
NATIONAL HEALTHCARE CORP Senior VP & CIO Ben Anderson Flatt Sr reported compensation-related stock option activity.
Rhea-AI Filing Summary
NATIONAL HEALTHCARE CORP Senior VP & CIO Ben Anderson Flatt Sr reported compensation-related stock option activity. He exercised 4,000 options at an exercise price of $94.10 per share, receiving the same number of common shares.
The company withheld 2,739 common shares at $196.00 per share to cover the option exercise price and withholding tax obligations. Following these transactions, he directly beneficially owns about 22,636 common shares, and continues to hold stock options linked to 14,000 shares at $157.13 and 9,000 shares at $90.62 with expirations in 2031 and 2030, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,000 shares exercised/converted
Exercise
5 txns
Insider
FLATT BEN ANDERSON SR
Role
Senior VP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to Purchase Common Stock | 4,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,000 | $94.10 | $376K |
| Exercise Price or Tax Liability | Common Stock | 2,739 | $196.00 | $537K |
| holding | Option to Purchase Common Stock | -- | -- | -- |
| holding | Option to Purchase Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 27,000 contracts for 23,000 underlying shares (Direct);
Common Stock — 22,636.0547 shares (Direct)
Footnotes (3)
- F1. These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on March 5, 2024. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
- F2. Shares were withheld by the Company to pay the exercise price and withholding tax obligations.
- F3. Total amount of shares beneficially owned following transactions reported on this form.
Key Figures
Options exercised: 4,000 shares
Exercise price: $94.10/share
Shares withheld for tax: 2,739 shares
+4 more
7 metrics
Options exercised
4,000 shares
Common stock acquired via option exercise at $94.10
Exercise price
$94.10/share
Exercise or conversion of derivative security (code M)
Shares withheld for tax
2,739 shares
Withheld by company at $196.00 to cover exercise price and taxes
Withholding price
$196.00/share
Value used for F-code tax-withholding disposition
Post-transaction common shares
22,636.0547 shares
Total common stock beneficially owned directly after transactions
Remaining options block 1
14,000 underlying shares at $157.13
Options expiring 2031-02-23
Remaining options block 2
9,000 underlying shares at $90.62
Options expiring 2030-02-24
Key Terms
2020 Omnibus Equity Incentive Plan, Rule 16b-3(d), withholding tax obligations, beneficially owned, +1 more
5 terms
2020 Omnibus Equity Incentive Plan financial
"These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on March 5, 2024."
Rule 16b-3(d) regulatory
"The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
withholding tax obligations financial
"Shares were withheld by the Company to pay the exercise price and withholding tax obligations."
beneficially owned financial
"Total amount of shares beneficially owned following transactions reported on this form."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NHC executive Ben Anderson Flatt Sr report?
He reported exercising 4,000 stock options at $94.10 per share and receiving 4,000 common shares. The company withheld 2,739 shares at $196.00 per share to cover the option exercise price and tax obligations related to this compensation-based grant.
What stock options does the NHC executive still hold after these transactions?
He continues to hold options tied to 14,000 underlying common shares at a $157.13 exercise price expiring in 2031 and options tied to 9,000 underlying shares at a $90.62 exercise price expiring in 2030, according to the derivative holdings summary.
Were the NHC stock options granted under a specific equity plan?
Yes. A footnote explains that the stock options were granted under the 2020 Omnibus Equity Incentive Plan on March 5, 2024. The grant and exercise are described as exempt from Section 16(b) under Rule 16b-3(d), indicating standard plan-based compensation treatment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
