MacIntyre Vita 4
Research Summary
AI-generated summary
TruBridge (TBRG) Controller MacIntyre Vita Sells 1,934 Shares
What Happened
- MacIntyre Vita, Controller of TruBridge, executed dispositions on July 9, 2026 tied to the company’s merger. Vita had 1,934 shares converted into cash at $26.25 per share for total proceeds of $50,768, and 753 shares of unvested restricted stock were forfeited (recorded as disposed at $0.00).
- These were not open‑market trades but transactions effected under the Merger Agreement in which TruBridge was acquired and each outstanding share was cancelled and converted into the right to receive $26.25 in cash (subject to withholding), with certain unvested awards forfeited or accelerated as specified.
Key Details
- Transaction date: July 9, 2026.
- Dispositions reported: 1,934 shares @ $26.25 = $50,768; 753 unvested shares @ $0.00 (forfeiture).
- Shares owned after transaction: Not reported in this filing.
- Notable footnotes: Transactions occurred pursuant to the Agreement and Plan of Merger (effective at the stated time); unvested restricted stock was either forfeited or converted to the Merger Consideration per the Merger Agreement; Merger Consideration is subject to applicable withholding taxes.
- Filing timeliness: Form filed July 10, 2026 for transactions on July 9, 2026 (no late‑filing flag indicated).
Context
- This activity reflects the cashing out of outstanding and certain unvested TruBridge shares as part of the company’s merger (not a discretionary sale by the insider). The $26.25 per‑share payment is the merger consideration described in the agreement.