Hoeflinger Erin 4
4 · Enhabit, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Enhabit (EHAB) Director Erin Hoeflinger Sells Shares in Merger
What Happened
- Erin Hoeflinger, a director of Enhabit, reported two dispositions to the issuer on 2026-05-15: 11,100 shares disposed at $13.80 each ($153,180) and 69,305 units disposed at $13.80 each ($956,409), for a total of 80,405 units and $1,109,589. These were not open-market sales but cash-outs under the company’s merger agreement that converted outstanding common stock and deferred stock units (DSUs) into $13.80 per share in cash.
Key Details
- Transaction date and price: 2026-05-15 at $13.80 per share/unit.
- Total disposed: 80,405 (11,100 shares + 69,305 units) for $1,109,589 total.
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Notable footnotes:
- F1: Under the Merger Agreement dated Feb 22, 2026, each outstanding share was canceled and converted into $13.80 cash at the merger’s effective time.
- F2: DSUs (deferred stock units) were likewise canceled and converted into the $13.80 cash Merger Consideration, less applicable taxes/withholding.
- Filing timeliness: The report covers and was filed for the 2026-05-15 transaction date (no late-filing indicated in the provided data).
Context
- This activity reflects the merger cash-out mechanism (conversion of shares and DSUs into cash), not an independent trading decision by the insider. Such dispositions under a merger are corporate actions that simply settle holdings for the agreed merger consideration.
Insider Transaction Report
Form 4Exit
Enhabit, Inc.EHAB
Hoeflinger Erin
Director
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-05-15$13.80/sh−11,100$153,180→ 69,305 total - Disposition to Issuer
Common Stock
[F2]2026-05-15$13.80/sh−69,305$956,409→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger ('Merger Agreement'), dated as of February 22, 2026, by and among Enhabit, Inc. (the 'Company'), Anchor Parent, LLC ('Parent'), and Anchor Merger Sub, Inc., a wholly owned subsidiary of Parent ('Merger Sub'), Merger Sub will be merged with and into the Company (the 'Merger'), with the Company surviving the Merger as a wholly owned subsidiary of Parent (the 'Surviving Corporation'). At the effective time of the Merger (the 'Effective Time'), each share of the Company's common stock, par value $0.01 per share, that was issued and outstanding immediately prior to the Effective Time was automatically canceled and converted into the right to receive $13.80 in cash (the 'Merger Consideration').
- [F2]Represents deferred stock units ('DSUs'). Each DSU represents a contingent right to receive one share of common stock of the Company. Pursuant to the Merger Agreement, each DSU that was outstanding as of immediately prior to the Effective Time, was automatically canceled and converted into the right to receive the Merger Consideration, without interest less applicable taxes and withholding.
Signature
/s/ Sarah W. Braley, Attorney in Fact|2026-05-15