Cross Country (CCRN) General Counsel Susan Ball Sells 314,649 Shares
$CCRN · CROSS COUNTRY HEALTHCARE INCResearch Summary
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Cross Country (CCRN) General Counsel Susan Ball Sells 314,649 Shares
What Happened Susan E. Ball, General Counsel and Secretary of Cross Country Healthcare (CCRN), had equity converted and cashed out in connection with the company’s merger. On 2026-07-21 she disposed of 241,777 shares for $3,203,545 and an additional 72,872 shares for $965,554 at $13.25 per share (total proceeds $4,169,099). The filing also shows a grant/award of 72,872 shares at $0.00 that were immediately converted to cash under the merger terms.
Key Details
- Transaction date: 2026-07-21; cash consideration: $13.25 per share.
- Dispositions: 241,777 shares → $3,203,545; 72,872 shares → $965,554. Total disposed: 314,649 shares → $4,169,099.
- Acquisition: 72,872 shares recorded as an award (value $0 in filing) that was cancelled/converted to cash under the merger.
- Shares owned after transaction: Following the merger conversion, previously outstanding common shares and awards were converted to cash — the filing implies no remaining common stock holdings.
- Footnotes: Transactions occurred pursuant to the Agreement and Plan of Merger (May 6, 2026). Restricted and performance-based awards were fully vested (performance awards treated at target) and converted into cash at the $13.25 merger consideration.
- Filing timeliness: Reported for period 2026-07-21 and filed 2026-07-21; no late filing indicated.
Context This was not an open-market sale but a merger-related cash-out: outstanding common stock and restricted/performance awards were vested/cancelled and converted into the right to receive $13.25 per share. That means the activity reflects the merger mechanics rather than a voluntary insider sell for personal trading reasons.