Black Dylan C 4

What Happened
Dylan C. Black, General Counsel and Secretary of Enhabit, had various holdings (common shares, RSUs and PSUs) converted into cash as part of Enhabit’s merger. On 2026-05-15, 207,909 shares were disposed to the issuer at $13.80 per share, producing approximately $2,869,144 in cash. The filing also shows related awards (RSUs/PSUs) that vested and were recorded as acquisitions before being converted into the same cash consideration.

Key Details

• Date and price: All transactions reported on 2026-05-15 at the merger consideration of $13.80 per share.
• Cash received (dispositions): 207,909 shares × $13.80 = ~$2,869,144.
• Awards that vested (acquisitions): 108,086 RSU/PSU-related units recorded with an aggregate notional value of ~$1,491,587 that were then converted to cash. (These award entries reflect vesting and conversion, not separate cash in addition to the dispositions.)
• Shares owned after transaction: 0 common shares of Enhabit (all outstanding shares were canceled and converted at the Effective Time).
• Footnotes: Transactions resulted from the Merger Agreement (F1). RSUs and PSUs (2024–2026 awards) vested/converted per the agreement with specified performance assumptions (F2–F5).
• Filing timeliness: Report filed 2026-05-15 for transactions on 2026-05-15 (no late filing indicated).
• Transaction codes: A = grant/award (vesting of RSUs/PSUs); D = disposition to issuer (conversion/cash-out in merger).

Context
These were automatic, contract-driven conversions under the merger (cash-out of equity and awards), not open-market sale activity. "Disposition to issuer" here means the company’s shares and vested units were canceled in exchange for the merger consideration. For retail investors, purchases would typically carry more interpretive weight; these entries primarily document the merger payout and that the insider no longer holds Enhabit equity.