Concentra (CON) Director Robert A. Ortenzio Sells 1,000,000 Shares

What Happened

• Robert A. Ortenzio, a director of Concentra Group Holdings Parent, Inc. (CON), disposed of an aggregate 1,000,000 shares of common stock to the issuer pursuant to a Stock Repurchase Agreement dated August 21, 2026. The repurchase price was $34.65 per share, for aggregate proceeds of approximately $34,650,000.
• The shares sold consisted of 770,000 shares held directly by Ortenzio and 230,000 shares held indirectly through trusts for the benefit of his descendants (150,000 from The Robert A. Ortenzio Descendants Trust; 30,000 each from trusts for Kevin M. and Bryan A. Ortenzio; and 20,000 for Madeline G. Ortenzio).

Key Details

• Transaction date: August 21, 2026; reported on Form 4 filed August 25, 2026 (filed within the required two business days).
• Price: $34.65 per share (aggregate ~ $34.65M under the Stock Repurchase Agreement).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 confirms the Stock Repurchase Agreement and the split between direct and trust-held shares; F2 notes pre-approval by the Audit Committee under Rule 16b-3(e); F3–F6 detail the trust-held share dispositions and Ortenzio’s trustee role (voting/investment power over those trust shares).

Context

• This was a disposition (sale to the company) rather than a purchase—insider sales into a company repurchase program are often routine liquidity events and do not, by themselves, indicate management sentiment.
• The sale was approved in advance by the Audit Committee for Section 16(b) exemption, per the filing; no options were exercised and no gifts or tax-withholdings were reported in the disclosed transactions.