ACKERMAN JOEL 4
4 · DAVITA INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
DaVita (DVA) CFO Joel Ackerman Sells Shares to Cover Taxes (~$6.45M)
What Happened
Joel Ackerman, CFO and Treasurer of DaVita (DVA), had shares withheld/sold to cover tax withholding tied to vesting and also received awards. On March 15, 2026 Ackerman disposed of 42,820 shares via tax-withholding transactions (code F) at $150.72 per share: 3,362 shares ($506,721), 33,693 shares ($5,078,209) and 5,765 shares ($868,901) — total proceeds (tax withholding) ≈ $6,453,831. The filing also shows award/acquisition entries (code A) for 5,706 shares and a derivative award for 15,427 shares (both recorded at $0.00).
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filing marked late).
- Disposal details: 3,362 / 33,693 / 5,765 shares sold/withheld at $150.72 each; total ≈ $6.45M.
- Acquisitions: 5,706 shares (award) and 15,427 shares (derivative award) recorded at $0.00.
- Footnotes: filings indicate shares were withheld to satisfy tax obligations in connection with vested performance stock units (PSUs) and restricted stock units (RSUs) from prior grants (see footnotes F2–F4). Some awards/derivatives are subject to future vesting (50% each on March 15, 2029 and March 15, 2030 per F1 and F5).
- Shares owned after the transactions are not specified in the supplied filing excerpt.
- Transaction code F = tax withholding; these are not open-market discretionary sales.
Context
This activity appears to be routine tax-withholding tied to the vesting of equity awards (i.e., a cashless/withholding settlement), rather than an independent decision to sell shares for liquidity or investment reasons. The filing also records new/derivative awards with multi-year vesting schedules; those future vesting dates are noted in the footnotes.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-15+5,706→ 226,725 total - Tax Payment
Common Stock
[F2]2026-03-15$150.72/sh−3,362$506,721→ 223,363 total - Tax Payment
Common Stock
[F3]2026-03-15$150.72/sh−33,693$5,078,209→ 189,670 total - Tax Payment
Common Stock
[F4]2026-03-15$150.72/sh−5,765$868,901→ 183,905 total - Award
Stock Appreciation Rights
[F5]2026-03-15+15,427→ 15,427 totalExercise: $150.72Exp: 2031-03-15→ Common Stock (15,427 underlying)
Footnotes (5)
- [F1]These restricted stock units are scheduled to vest 50% each on March 15, 2029 and March 15, 2030, respectively, subject to the terms and conditions of the applicable award agreement.
- [F2]Shares withheld from issuance to satisfy tax withholding obligations in connection with the vesting of 6,585 shares, which represents the shares received upon the satisfaction of performance criteria underlying the award of performance stock units relating to the 2025 performance period and granted to the Reporting Person on March 15, 2022.
- [F3]Shares withheld from issuance to satisfy tax withholding obligations in connection with the vesting of 65,997 shares, which represents the shares received upon the satisfaction of performance criteria underlying the award of performance stock units relating to the 2023 - 2025 performance period and granted to the Reporting Person on March 15, 2023.
- [F4]Shares withheld from issuance to satisfy tax withholding obligation in connection with the vesting of 11,836 shares, which represents 50% of the restricted stock units granted to the Reporting Person on March 15, 2023.
- [F5]The stock appreciation rights are scheduled to vest 50% each on March 15, 2029 and March 15, 2030, respectively, subject to the terms and conditions of the applicable award agreement.