Cross Country Healthcare (CCRN) CFO William Burns Sells Shares for $5.84M

What Happened
William J. Burns, Chief Financial Officer of Cross Country Healthcare (CCRN), had company stock and awards converted into cash as part of the merger closing on July 21, 2026. Specifically, 336,438 shares were disposed to the issuer at $13.25 per share for $4,457,804, and 104,157 restricted award shares (acquired/converted at $0.00) were cancelled and disposed to the issuer at $13.25 for $1,380,080. Total cash received was $5,837,884. These were not open-market sales but cash conversions under the merger agreement.

Key Details

• Transaction date: 2026-07-21 (Effective Time of the merger)
• Prices: $13.25 per share for all dispositions; an award/acquisition recorded at $0.00 (grant conversion)
• Share counts: 336,438 (disposition) + 104,157 (award converted then disposed) = 440,595 total shares converted
• Total proceeds: $5,837,884
• Shares owned after transaction: Common stock outstanding was converted into merger consideration — common shares were cancelled/converted at the Effective Time (no post-merger common shares remain)
• Footnotes: Transactions occurred under the Merger Agreement — outstanding common stock and restricted/performance awards were vested/cancelled and converted into cash at $13.25 per share (see F1–F3)
• Timeliness: Filing reports transaction date 2026-07-21; no late filing indicated in provided data

Context: The acquisition line at $0.00 reflects restricted stock awards vesting and being converted into cash under the merger (not a market purchase). The dispositions are payments by the issuer/merger consideration — routine cash-out mechanics of a merger rather than voluntary open-market sales.