ORTENZIO ROBERT A 4
Research Summary
AI-generated summary
Concentra (CON) Director Robert Ortenzio Sells 130,000 Shares
What Happened Robert A. Ortenzio, a director of Concentra Group Holdings Parent, Inc. (CON), sold 130,000 shares in open-market transactions on June 1, 2026. The reported weighted-average price was $25.00, producing proceeds of approximately $3,250,026. This was a sale (not a purchase or option exercise), which is generally considered routine insider selling rather than a direct bullish signal.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (timely filing within the usual 2-business-day window).
- Transaction type: Open market sale (Code S).
- Shares sold: 130,000; reported total proceeds: $3,250,026.
- Price: weighted average $25.00; sales executed at prices ranging from $25.00 to $25.03 (see footnote F1 indicating multiple executions and availability of per-price details on request).
- Shares owned after the transaction: Not reported in the excerpt provided (check the full Form 4 for post-transaction ownership).
- No 10b5-1 plan, tax-withholding, option exercise, or gift notation was indicated in the provided details.
Context Sales by directors can be for many reasons (diversification, liquidity, tax planning) and are not, by themselves, proof of a view on company prospects. Purchases generally carry more weight for signaling insider confidence; this filing documents a routine open-market sale. For precise per-trade prices within the $25.00–$25.03 range, the filing’s footnote (F1) says the reporting person can provide full breakdowns on request.