Kalvaitis Jeanne Louise 4

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.