Nevin Janice Elizabeth 4
Research Summary
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CCRN Director Janice Nevin Sells 48,616 Shares in Merger
What Happened
- Janice Nevin (Director) disposed of 48,616 shares of Cross Country Healthcare, Inc. common stock on July 21, 2026. The shares were converted into cash at $13.25 per share, yielding $644,162. Transaction type reported as a disposition to the issuer (D) tied to the company’s merger.
Key Details
- Transaction date and price: July 21, 2026 — 48,616 shares at $13.25 per share.
- Total proceeds: $644,162.
- Shares owned after transaction: As part of the merger, outstanding common shares (and restricted awards) were converted into cash. The filing indicates the shares were converted into cash consideration at the effective time of the merger (so the insider no longer holds those public common shares).
- Notable footnotes: The disposition occurred pursuant to the Merger Agreement dated May 6, 2026 — at the merger effective time, each outstanding share was converted into the right to receive $13.25 cash; restricted stock awards vested, were cancelled, and converted to cash at the same price.
- Filing timeliness: No late filing is indicated in the provided report.
Context
- This was not an open-market sale but a merger-related cash conversion of shares into the agreed merger consideration. Such transactions reflect corporate action (merger consideration) rather than an insider-initiated buy or sell decision.