Harse David 4
Research Summary
AI-generated summary
TruBridge GM David Harse Withholds 377 Shares for Taxes
What Happened
David Harse, General Manager Patient Care at TruBridge, had 377 shares withheld to satisfy tax withholding related to the vesting of restricted stock. The transaction is reported as a disposition (code F) at an implicit price of $18.47 per share, totaling approximately $6,963. This was a tax-withholding event on vested awards, not an open-market sale.
Key Details
- Transaction date: 2026-03-09; filing date (Form 4): 2026-03-11.
- Withheld shares: 377; withholding value: 377 × $18.47 ≈ $6,963.
- Transaction code: F (payment of exercise price or tax liability via share withholding).
- Footnote: Represents withholding of shares for tax purposes with respect to the vesting of restricted stock.
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: reported March 11 for a March 9 transaction, which appears to be within the typical two-business-day Form 4 window.
Context
Share withholding to cover taxes is a routine administrative action when restricted stock vests and generally does not signal a discretionary sale by the insider. Unlike open-market purchases or sales, these transactions mainly reflect tax obligations and reduce the insider’s outstanding share count without producing net cash proceeds to the insider.