FLATT BEN ANDERSON SR 4/A
4/A · NATIONAL HEALTHCARE CORP · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
NHC SVP & CIO Ben Flatt Withholds 2,109 Shares for Taxes
What Happened
Ben Flatt (Senior Vice President & Chief Investment Officer) had 2,109 shares withheld to satisfy the exercise price and withholding tax obligations related to an option exercise. The shares were withheld at an effective price of $176.81 per share, totaling about $372,892. This filing (Form 4) is an amendment correcting the number of shares withheld that was reported incorrectly on an earlier Form 4.
Key Details
- Transaction date: April 9, 2026.
- Reported (amended) filing date: April 14, 2026 (initial Form 4 was filed April 13, 2026 and contained an incorrect withheld-share count).
- Shares withheld/disposed: 2,109 shares at $176.81 per share; reported value ≈ $372,892.
- Transaction code: F — shares withheld to cover exercise price and/or tax withholding (not an open-market sale).
- Shares owned after the transaction: reported on the Form 4 per footnote F2 (amount not provided here).
- Footnote F1 explains this is an amended filing to correct the previously reported number of withheld shares.
Context
This was a tax-withholding/cashless-like step tied to an option exercise (shares withheld to cover cost and taxes), not a public sale that signals immediate divestment on the open market. The initial Form 4 was filed promptly on April 13; this amended filing on April 14 corrects the withheld-share count disclosed.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-04-09$176.81/sh−2,109$372,892→ 21,175.055 total
- 8,000
Option to Purchase Common Stock
Exercise: $94.10From: 2025-03-05Exp: 2029-03-05→ Common Stock (8,000 underlying) - 9,000
Option to Purchase Common Stock
Exercise: $90.62From: 2026-02-24Exp: 2030-02-24→ Common Stock (9,000 underlying) - 14,000
Option to Purchase Common Stock
Exercise: $157.13From: 2027-02-23Exp: 2031-02-23→ Common Stock (14,000 underlying)
Footnotes (2)
- [F1]On April 13, 2026, the reporting person filed a Form 4 mistakenly reporting the number of shares withheld by the Company to pay the exercise price and withholding tax obligations. The total shares that were withheld by the Company to pay the exercise price and withholding tax obligations are reflected correctly on this amended Form 4.
- [F2]Total amount of shares beneficially owned following transactions reported on this form.