Healthstream CEO Bobby Frist Jr. offers $2M value of shares to workers

HealthStream CEO Bobby Frist Jr. is giving $2.25 million value of his firm shares to greater than 1,000 workers, in accordance with a information launch. He is additionally giving a further 7,113 shares valued at roughly $185,000 to cowl administrative prices. Shares of HealthStream have been buying and selling at $26.17 per share as of Thursday morning

The present equals 86,494 shares within the firm, or roughly $2,200 value of HealthStream inventory per worker. The group doesn’t embody any C-suite stage executives.

“I’m excited to make this contribution to permit our workers, a lot of whom haven’t beforehand participated in our fairness applications, to grow to be homeowners within the firm that they helped to construct and be part of all of our stakeholders sooner or later success of HealthStream,” Frist mentioned within the launch.

HealthStream is a Nashville-based supplier of healthcare worker administration software program with $244.8 million of income final 12 months.

Frist owned greater than 5.6 million HealthStream shares that have been value about $158 million in March. Final 12 months, Healthstream paid Frist a wage of $335,000 and about $265,000 in numerous types of fairness compensation, in accordance with the Nashville Publish.

This isn’t the primary time Frist has gifted workers his firm inventory. In 2019, he gave $2 million value of his HealthStream shares to roughly 820 workers.

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