Edward M. Christie III - Jan 16, 2024 Form 4 Insider Report for Encompass Health Corp (EHC)

Role
Director
Signature
/s/Patrick Darby, attorney-in-fact for Mr. Christie
Stock symbol
EHC
Transactions as of
Jan 16, 2024
Transactions value $
$34,409
Form type
4
Date filed
1/18/2024, 01:28 PM
Previous filing
Jan 18, 2024
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EHC Encompass Health Common Stock Award $0 +3 +0.3% $0.00 1K Jan 16, 2024 Direct F1
transaction EHC Encompass Health Common Stock Award $34.4K +488 +48.8% $70.51 1.49K Jan 17, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to outstanding restricted stock unit award agreements, additional restricted stock units ("RSUs") are credited to each non-employee director's account in connection with common stock dividend payments. The number of RSUs credited is equal to (a) the product of (i) the number of the RSUs in each director's account on the associated dividend record date and (ii) the per share dividend, divided by (b) the closing price on the dividend payment date. On January 16, 2024, Encompass Health paid a dividend on its common stock of $0.15 per share and the closing price was $71.45. The transaction reported on this Form 4 is an award of RSUs associated with that dividend payment.
F2 The Directors Deferred Stock Investment Plan of the Company is a non-qualified deferral plan adopted and approved by the Board of Directors, effective November 1, 2007, allowing non-employee directors to make elections during 2023 to defer fixed percentages of their directors fees for 2024. The amount each participant defers under the Plan is deducted, on a quarterly basis, from the directors fees the participant would otherwise have received in cash. The deferred fees fund the purchase of the Company's common stock by the Plan administrator in the market for the account of each participating director, and under the terms of the Plan, such stock is entitled to cash dividends that are reinvested by the Plan administrator in the Company's common stock. The number reported represents shares purchased with the dividend of $0.15 per share paid on January 16, 2024.
F3 This per share price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $70.49 to $70.52, inclusive. The reporting person undertakes to provide to Encompass Health Corporation, any of its security holders, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.