Addus HomeCare Corp·4

Feb 24, 4:02 PM ET

RAINES MONICA 4

Research Summary

AI-generated summary

Updated

Addus (ADUS) EVP Monica Raines Receives Award, Sells 446 Shares

What Happened

  • Monica Raines, EVP, Chief Commercial Officer and Quality Officer at Addus HomeCare (ADUS), received a grant of 2,858 restricted shares (reported as $0.00 acquisition) on 2026-02-20. She also sold 446 shares in an open-market transaction on 2026-02-23 at $114.91 per share, generating proceeds of approximately $51,250.
  • The grant is an award (A); the sale is a disposition (S). The sale appears to be a routine disposition to satisfy tax obligations tied to restricted stock vesting.

Key Details

  • Transaction dates and prices:
    • Award: 2,858 shares granted on 2026-02-20 (acquisition price reported $0.00).
    • Sale: 446 shares sold on 2026-02-23 at $114.91 per share; proceeds $51,250.
  • Vesting: The awarded shares vest in equal installments on Feb 20 of 2027, 2028 and 2029 (footnote F1), subject to continued service and potential change-in-control acceleration.
  • Sale mechanics: The sale was made pursuant to a previously established 10b5-1 trading plan to satisfy tax obligations upon vesting (footnotes F2, F3). The 10b5-1 plan adoption date: 03/13/2025.
  • Shares owned after the transaction: Not specified in the provided filing excerpt.
  • Filing timeliness: Report filed 2026-02-24 for transactions through 2026-02-23 — appears to be filed timely.

Context

  • The award is restricted stock (reported at $0.00 acquisition) with multi-year vesting; the partial sale was executed under a 10b5-1 plan to cover tax withholding. Such planned sales to satisfy taxes are common and do not necessarily indicate a change in executive sentiment about the company.