HERMAN JOAN E 4

What Happened

• Joan E. Herman, a director of Encompass Health Corp. (EHC), was credited with 85 restricted stock units (RSUs) on July 15, 2026. The award is reported as an acquisition (code A) at $0.00 per share. Using the closing price on the dividend payment date ($109.88), the RSUs are worth approximately $9,339.80 in total.
• This was not a market purchase or sale but a dividend-related RSU credit to a non-employee director’s account — a routine, non-cash award rather than a trading signal.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-16 (filed next day).
• Reported acquisition: 85 RSUs at $0.00 per share; estimated market value ≈ $9,339.80 (85 × $109.88).
• Shares owned after the transaction: not specified in the filing.
• Footnote: RSUs were credited as dividend equivalents. Encompass Health paid a $0.19 per-share dividend on July 15, 2026; the number of RSUs credited equals (RSUs on record date × $0.19) ÷ closing price ($109.88).
• No tax-withholding or sale-of-shares to cover taxes was reported.

Context

• These RSUs are a dividend-equivalent award to non-employee directors and are common corporate practice to compensate directors without cash. They do not reflect an open-market purchase or sale by the director.