Galloway Heath H 4
Research Summary
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Accendra Health (ACH) EVP Galloway Surrenders 9,347 Shares for Taxes
What Happened Heath H. Galloway, EVP, General Counsel & Corporate Secretary of Accendra Health (ACH), surrendered 9,347 shares on 2026-03-20 to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $2.03 each, for a total of approximately $18,974. This was a tax-withholding surrender related to award vesting, not an open-market sale.
Key Details
- Transaction date and price: 2026-03-20, 9,347 shares at $2.03 per share (total ≈ $18,974).
- Transaction type: F — shares surrendered to issuer to satisfy tax withholding on vested restricted stock (footnote F1).
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing date: 2026-03-24 (the Form 4 was filed four days after the reported transaction date; this appears to be one business day late under the standard 2-business-day Form 4 deadline).
Context
- This was a routine tax-withholding action (often called a "cashless surrender") associated with RSU vesting and does not represent a discretionary sale or purchase signal by the insider.
- Such transactions are common when restricted stock vests and should be interpreted as administrative rather than an expression of bullish or bearish sentiment.