Frist William H. 4

What Happened
William H. Frist, a director of Select Medical Holdings Corp. (SEM), was granted 1,094 restricted shares on 2026-04-28 at a reported value/price of $16.45 per share, totaling $17,996. The transaction is coded as an award/grant (A) — this was compensation (restricted stock) issued under the company's 2020 Equity Incentive Plan rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-28; price per share: $16.45; total value: $17,996.
• Transaction type/code: Award/Grant (A) — restricted stock.
• Shares owned after transaction: Not disclosed in the details provided in this summary.
• Footnote: Grant issued pursuant to the 2020 Equity Incentive Plan in lieu of a quarterly retainer of $18,000.
• Filing: Report filed 2026-04-29 for the 2026-04-28 transaction — appears timely (filed the next day).

Context
Restricted stock grants to directors are routine compensation and generally reflect board pay rather than a direct signal of the director's personal market view. Restricted shares are typically subject to vesting or transfer restrictions under the plan, so they may not be immediately saleable. For retail investors, purchases by insiders are often more informative than routine compensation grants.