Keetch Chad 4
Research Summary
AI-generated summary
Ensign Group (ENSG) CIO Chad Keetch Sells Shares for Taxes
What Happened
- Chad Keetch, Chief Investment Officer and Executive Vice President of Ensign Group (ENSG), disposed of a total of 632 shares via tax-withholding tied to vested restricted stock awards.
- On May 26, 2026 he surrendered 326 shares at $172.42 each ($56,209) and on May 27, 2026 he surrendered 306 shares at $171.97 each ($52,623), totaling approximately $108,832.
- These were disposals to satisfy tax obligations on restricted stock vesting rather than open-market purchases or voluntary sales.
Key Details
- Transaction dates and prices:
- 2026-05-26: 326 shares @ $172.42, proceeds/value $56,209 (tax withholding)
- 2026-05-27: 306 shares @ $171.97, proceeds/value $52,623 (tax withholding)
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Shares withheld relate to a Restricted Stock Award granted 2022-05-26 that vests in five equal annual installments beginning 2023-05-26.
- F2: Shares withheld relate to a Restricted Stock Award granted 2021-05-27 that vests in five equal annual installments beginning 2022-05-27.
- Filing timing: Form 4 was filed May 28, 2026 covering transactions on May 26–27, 2026 (not marked late).
Context
- These transactions are routine tax-withholding disposals when restricted shares vest (code F). They typically reflect administrative withholding to cover tax liabilities and are not the same as an open-market sale that might signal a view on the company’s stock.
- For retail investors, note that such withholding transactions are common after vesting events and should be interpreted differently from voluntary sales or purchases.