Kalvaitis Jeanne Louise 4
4 · Enhabit, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Enhabit (EHAB) EVP Jeanne Kalvaitis Cashes Out $1.59M in Merger
What Happened
Jeanne Louise Kalvaitis, EVP of Hospice Operations at Enhabit, had 115,500 shares/units converted and cancelled in connection with Enhabit's merger. Multiple holdings (common shares, RSUs and PSUs) were converted into the merger cash consideration of $13.80 per share, producing total gross proceeds of $1,593,899 (payments are subject to applicable taxes and withholding). The filing shows acquisition (A) entries for conversion/vested awards and corresponding disposition-to-issuer (D) entries reflecting the cash-out—this is a merger cash payment, not an open-market sale.
Key Details
- Transaction date and price: May 15, 2026 at $13.80 per share (Merger Consideration).
- Total shares converted/cancelled: 115,500 shares; total gross cash received: $1,593,899.
- Dispositions listed: 23,575; 38,300; 13,273; 26,233; 14,119 shares (each at $13.80).
- Shares owned after transaction: effectively 0 Enhabit common shares (outstanding shares/awards were cancelled and converted at the Effective Time).
- Footnotes: F1–F5 describe the Merger Agreement mechanics—outstanding common stock was cancelled for $13.80 cash; RSUs and PSUs were converted/vested under specified performance assumptions (2024 PSUs at 153.5% of target, 2025 PSUs at 170%, 2026 PSUs at 140%); payments are net of taxes/withholding.
- Filing timeliness: Reported on May 15, 2026 (period of report same date); no late-filing flag in the provided data.
Context
These entries reflect deal-based cash-outs under the merger (conversion and cancellation of equity and equity awards), not discretionary insider open-market trades. Such merger consideration receipts are procedural—useful for tracking cash realized by insiders but not a standalone indicator of insider sentiment.
Insider Transaction Report
Form 4Exit
Enhabit, Inc.EHAB
Kalvaitis Jeanne Louise
EVP of Hospice Operations
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-05-15$13.80/sh−23,575$325,335→ 38,300 total - Disposition to Issuer
Common Stock
[F2]2026-05-15$13.80/sh−38,300$528,540→ 0 total - Award
Common Stock
[F3]2026-05-15$13.80/sh+13,273$183,167→ 13,273 total - Disposition to Issuer
Common Stock
[F3]2026-05-15$13.80/sh−13,273$183,167→ 0 total - Award
Common Stock
[F4]2026-05-15$13.80/sh+26,233$362,015→ 26,233 total - Disposition to Issuer
Common Stock
[F4]2026-05-15$13.80/sh−26,233$362,015→ 0 total - Award
Common Stock
[F5]2026-05-15$13.80/sh+14,119$194,842→ 14,119 total - Disposition to Issuer
Common Stock
[F5]2026-05-15$13.80/sh−14,119$194,842→ 0 total
Footnotes (5)
- [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 restricted stock units ('RSUs'). Each RSU represents a contingent right to receive one share of common stock of the Company. Pursuant to the Merger Agreement, each RSU that was outstanding as of immediately prior to the Effective Time, to the extent unvested, became fully vested and was automatically canceled and converted into the right to receive the Merger Consideration, without interest less applicable taxes and withholding.
- [F3]Represents performance stock units awarded in 2024 ('2024 PSUs'). Pursuant to the Merger Agreement, each 2024 PSU that was outstanding as of immediately prior to the Effective Time became vested in the number of shares of Company common stock assuming that 153.5% of target level of performance had been achieved, and each such 2024 PSU was automatically canceled and converted into the right to receive the Merger Consideration, less applicable taxes and withholding, and any unvested portion was automatically canceled for no consideration.
- [F4]Represents performance stock units awarded in 2025 ('2025 PSUs'). Pursuant to the Merger Agreement, each 2025 PSU that was outstanding as of immediately prior to the Effective Time became vested in the number of shares of Company common stock assuming that 170% of target level of performance had been achieved, and each such 2025 PSU was automatically canceled and converted into the right to receive the Merger Consideration, less applicable taxes and withholding, and any unvested portion was automatically canceled for no consideration.
- [F5]Represents performance stock units awarded in 2026 ('2026 PSUs'). Pursuant to the Merger Agreement, each 2026 PSU that was outstanding as of immediately prior to the Effective Time became vested in the number of shares of Company common stock assuming that 140% of target level of performance had been achieved, and each such 2026 PSU was automatically canceled and converted into the right to receive the Merger Consideration, less applicable taxes and withholding, and any unvested portion was automatically canceled for no consideration.
Signature
/s/ Sarah W. Braley, Attorney in Fact|2026-05-15