KIDD BRIAN F 4
4 · NATIONAL HEALTHCARE CORP · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
National Healthcare (NHC) CFO Brian Kidd Exercises Options
What Happened
Brian F. Kidd, Senior VP and Chief Financial Officer of National Healthcare Corp (NHC), exercised stock options on May 14, 2026 to acquire a total of 4,500 shares (4,000 shares at $94.10 and 500 shares at $90.62), paying about $421,710 in exercise price. To cover the exercise price and withholding tax obligations, the company withheld 3,134 shares valued at $197.96 each (totaling $620,407). The underlying option instruments for 4,000 and 500 shares were cancelled upon exercise.
Key Details
- Transaction date: 2026-05-14; Form filed: 2026-05-18 (timely within the SEC two-business-day window).
- Options exercised: 4,000 shares @ $94.10 = $376,400; 500 shares @ $90.62 = $45,310 (total paid ≈ $421,710).
- Shares withheld for taxes/exercise: 3,134 shares @ $197.96 = $620,407 (per footnote: shares withheld by company).
- Net shares retained by insider after withholding: 4,500 − 3,134 = 1,366 shares.
- Footnotes: options granted under the 2020 Omnibus Equity Incentive Plan (grants dated Mar 5, 2024 and Feb 24, 2025); grants/exercises exempt under Rule 16b-3(d). Footnote F3 confirms shares were withheld to pay exercise price and withholding tax. Footnote F4 refers to total beneficial ownership after transactions (not specified in the excerpt).
Context
- This was an exercise of previously granted options (transaction code M). The withholding of 3,134 shares to satisfy payment and taxes is effectively a cashless/stock-surrender settlement rather than an open-market sale.
- Exercises are routine for option holders and do not by themselves indicate a buy or sell market opinion; the net effect here is a modest addition of 1,366 shares to Kidd’s holdings after tax/price withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-14$94.10/sh+4,000$376,400→ 33,130 total - Exercise/Conversion
Common Stock
[F2]2026-05-14$90.62/sh+500$45,310→ 33,630 total - Tax Payment
Common Stock
[F3][F4]2026-05-14$197.96/sh−3,134$620,407→ 30,496 total - Exercise/Conversion
Option to Purchase Common Stock
[F1]2026-05-14−4,000→ 4,000 totalExercise: $94.10From: 2025-03-05Exp: 2029-03-05→ Common Stock (8,000 underlying) - Exercise/Conversion
Option to Purchase Common Stock
[F2]2026-05-14−500→ 9,000 totalExercise: $90.62From: 2026-02-24Exp: 2030-02-24→ Common Stock (9,500 underlying)
- 4,147
Option to Purchase Common Stock
Exercise: $53.94From: 2024-03-08Exp: 2028-03-08→ Common Stock (4,147 underlying) - 14,000
Option to Purchase Common Stock
Exercise: $157.13From: 2027-02-23Exp: 2031-02-23→ Common Stock (14,000 underlying)
Footnotes (4)
- [F1]These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on March 5, 2024. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F2]These stock options were granted pursuant to the 2020 Omnibus Equity Incentive Plan on February 24, 2025. The grant and exercise of these stock options are exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F3]Shares were withheld by the Company to pay the exercise price and withholding tax obligations.
- [F4]Total amount of shares beneficially owned following transactions reported on this form.