Brown-Stevenson Tina L. 4
4 · Enhabit, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Enhabit (EHAB) Director Tina L. Brown‑Stevenson Sells 52,698 Shares
What Happened
Tina L. Brown‑Stevenson, a director of Enhabit, Inc. (EHAB), had two dispositions on May 15, 2026 that together removed 52,698 company-equivalent shares and resulted in $727,232 in cash proceeds. The transactions were dispositions to the issuer at $13.80 per share: 1,550 shares for $21,390 and 51,148 shares for $705,842. These dispositions occurred under the company’s March/February 2026 Merger Agreement, in which outstanding common stock and deferred stock units were converted into cash consideration.
Key Details
- Transaction date: 2026-05-15. Price: $13.80 per share for both dispositions. Total value: $727,232.
- Nature of transaction: Disposition to issuer (code D) — shares/units were cancelled and converted into the merger cash consideration.
- Shares reported disposed: 1,550 and 51,148 (total 52,698).
- Shares owned after transaction: the reported shares/DSUs were cancelled and converted into cash at the merger Effective Time (i.e., those securities are no longer outstanding).
- Relevant footnotes:
- F1: Common stock outstanding immediately prior to the Effective Time was canceled and converted into $13.80 cash per share under the Merger Agreement.
- F2: Deferred stock units (DSUs) were likewise canceled and converted into the $13.80 Merger Consideration, less applicable taxes/withholding.
- Filing timeliness: Reported and filed on 2026-05-15 (no late filing indicated).
Context: These were not open-market sales but cash conversions tied to a merger — shareholders and DSU holders received $13.80 per share/unit. This is a transactional disposition under the Merger Agreement rather than an independent insider sell signal in the market.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-15$13.80/sh−1,550$21,390→ 51,148 total - Disposition to Issuer
Common Stock
[F2]2026-05-15$13.80/sh−51,148$705,842→ 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.