John Patrick Darby, executive vice president and general counsel of Encompass Health Corporation, sold 8,906 shares of common stock on August 10, according to an SEC Form 4 filing. The shares were sold in multiple transactions at prices ranging from $125.94 to $126.04, yielding a weighted average price of $125.95 and a total transaction value of $1.1 million. Following the sale, Darby directly holds 75,041 shares, valued at $9.44 million based on the August 10 market close of $125.81. The sale came after a strong earnings report lifted the stock, and federal regulators finalized a rule in late July lifting Medicare payments for inpatient rehabilitation by about 2.3% starting in October, which management cited when raising its outlook for the second time this year. Encompass Health reported $6.2 billion in trailing-twelve-month revenue and $621.0 million in net income, supporting a market capitalization of $12.5 billion.
Encompass Health CorpMedicare rate increase of 2.3% for inpatient rehabilitation benefits Encompass Health.
