Select Medical (SEM) Director William H. Frist Receives Award

What Happened William H. Frist, a director of Select Medical Holdings Corp. (SEM), was granted 1,109 restricted shares on February 11, 2026. The grant was issued at an imputed value of $16.23 per share, totaling $17,999. This transaction is an award (code A) issued as compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely filing).
• Grant: 1,109 restricted shares at $16.23 per share; total value $17,999.
• Transaction code: A (award/grant).
• Footnote: The shares were issued under the Select Medical Holdings Corporation 2020 Equity Incentive Plan in lieu of a quarterly retainer of $18,000.
• Shares owned after transaction and vesting schedule: not disclosed in the filing.

Context This was a compensation grant replacing a cash retainer (common for non-employee directors) and does not represent an open-market purchase or sale. Such grants are routine director compensation and should be viewed as remuneration rather than a direct signal of the director’s personal buying or selling intent.