Concentra Repurchases $34.65M of Stock from Chairman Ortenzio and Family Trusts
CON sits 89% above its 52-week low of $18.545.
Summary
Concentra is repurchasing 1 million shares from Chairman Robert Ortenzio and family trusts for $34.65 million at $34.65 per share, reducing his stake to about 5.3%.
Key Events · Ownership and Investor Activity · CON
-
Company Repurchases 1M Shares from Chairman
Concentra agreed to repurchase 1,000,000 shares from Robert Ortenzio and related trusts at $34.65 per share for $34,650,000 in a privately negotiated transaction.
-
Ortenzio Stake Drops to 5.3%
After the repurchase, Ortenzio beneficially owns 6,748,222 shares, approximately 5.3% of the 127,517,736 shares outstanding as of July 31, 2026.
-
Multiple Family Trusts Participate
Sellers include Ortenzio personally (770,000 shares), the Descendants Trust (150,000), and three 2014 Trusts for his children (30,000, 30,000, and 20,000 shares).
-
Follows Prior Insider Sales
Ortenzio previously filed Form 144s to sell $3.25M in June and $15.8M in July; this repurchase continues the reduction of his holdings but with the company as buyer.
Analysis · CON · Industrial Applications And Services
Concentra agreed to buy back 1 million shares from Chairman Robert Ortenzio and related family trusts at $34.65 per share, a $34.65 million transaction. This is a direct, privately negotiated repurchase from insiders, not an open-market buyback, and it reduces Ortenzio's beneficial ownership to approximately 5.3% of shares outstanding. The deal follows a pattern of insider selling by Ortenzio, but here the company itself is the buyer, which removes overhang and signals board-level confidence in the stock near its 52-week high.
How filings like this one have moved
In the 30 days to Aug 24, 2026, 29.4% of the 2796 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CON was trading at $34.99 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $18.55 to $35.90. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.