Routine option exercise with tax withholding; insider increases equity exposure.
Senior VP Vicki L. Dodson exercised stock options to acquire 4,000 NATIONAL HEALTHCARE CORP common shares at $94.10 per share. This converts part of her derivative compensation into actual stock, increasing her direct equity stake.
To fund the exercise price and tax obligations, the company withheld 2,853 shares at $173.63 per share, a standard F-code tax-withholding disposition rather than an open-market sale. After these moves, she directly holds about 18,412.5455 shares.
Dodson still has meaningful upside leverage through remaining options on 14,000 shares at an exercise price of $157.13 expiring on February 23, 2031, and 9,000 shares at $90.62 expiring on February 24, 2030. Future filings will show if she further exercises or restructures these positions.