Bolton Jeffrey 4
4 · Enhabit, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Enhabit (EHAB) Director Jeffrey Bolton Receives Cash for Shares
What Happened
Jeffrey Bolton, a director of Enhabit, had a total of 139,682 equity units disposed/converted in connection with the company’s merger. Transactions: a gift of 11,000 shares (11,000 x $13.80 = $151,800) on 2026-05-13, and two dispositions to the issuer of 48,000 shares ($662,400) and 80,682 shares ($1,113,412) on 2026-05-15. All reported units were converted/cancelled for $13.80 per share under the merger agreement (total cash ≈ $1,927,612). These were not open-market sales but cash-outs under the merger; the gift is a non-sale transfer and does not necessarily signal trading intent.
Key Details
- Transaction dates and prices: 2026-05-13 (gift) and 2026-05-15 (dispositions) at $13.80 per share.
- Total reported consideration: approximately $1,927,612.
- Shares owned after transaction: The reported shares/DSUs were cancelled and converted to cash per the merger; the filing does not state any remaining common shares retained by Bolton.
- Footnotes: F1 = Merger Agreement converted each outstanding common share into $13.80 in cash at the merger’s effective time. F2 = Deferred Stock Units (DSUs) were similarly cancelled and converted into the Merger Consideration (cash), less taxes/withholding.
- Filing timeliness: Transactions dated 5/13 and 5/15 were reported on Form 4 filed 2026-05-15 (appears timely under the two-business-day rule).
Context: Dispositions labeled as "to the issuer" reflect the company buying back/canceling shares as part of the merger cash-out, not insider-driven market sales. Gifts are transfers, not purchases, and generally do not reflect a buy/sell signal.
Insider Transaction Report
- Gift
Common Stock
2026-05-13$13.80/sh−11,000$151,800→ 128,682 total - Disposition to Issuer
Common Stock
[F1]2026-05-15$13.80/sh−48,000$662,400→ 80,682 total - Disposition to Issuer
Common Stock
[F2]2026-05-15$13.80/sh−80,682$1,113,412→ 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.