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Insider Trends: Insider at Encompass Health Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

05/07/2021 10:08

02:02 PM EDT, 05/07/2021 (MT Newswires) -- April Kaye Bullock Anthony, CEO & President, Home Health, exercised options/derivative securities for 7,583 shares of Encompass Health (EHC) and sold 6,538 shares in the company for $553,638 to meet tax obligations on May 05, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 1,045 company shares. Anthony, after the transactions defined in the SEC Form 4 filing, has control over 743,316 shares of company stock of which 194,474 shares are held directly and 548,842 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $63.5 million. In addition the company has granted Anthony stock options of which 8,650 are currently in the money and have an approximate value of $104,462 as of yesterday's closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 30 insider transactions reported to the SEC for Encompass Health. These transactions came from the activities of 21 separate insiders that resulted in a net acquisition of 79,516 company shares. In the preceding 90-day window of time, there were 22 transactions from 20 insiders and resulted in the net acquisition of 26,438 shares.

This is a lower level of transactions than the peer group average in the 54-company Healthcare Facilities & Services peer group over the last 90-day period. Peer group activity averaged 110.1 transactions per company, and disposition of 3,675 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/785161/000112760221015817/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.