Healthcare Services Group director granted 1,969 DSUs
Simmons Kurt JR reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Simmons Kurt JR reported acquisition or exercise transactions in this Form 4 filing.
HEALTHCARE SERVICES GROUP INC director Kurt Simmons Jr. received a grant of 1,969 shares of common stock in the form of unvested deferred stock units at a reference price of $20.32 per share. These units will fully vest on the one-year anniversary of the grant date and will be settled in shares of common stock upon specified future events.
After this award, Simmons holds 30,159 deferred stock units, consisting of 4,775 unvested units and 25,384 vested units that are scheduled to be settled in stock under the company’s long-term compensation arrangements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,969 | $20.32 | $40K |
Footnotes (2)
- F1. Represents a grant of unvested deferred stock units ("DSU") which will become fully vested on the one year anniversary of the grant date. Such DSUs will be settled in shares of common stock on the first to occur of (i) five-year anniversary of the Date of Grant, (ii) the Participant's date of death, disability or separation from service; or (iii) the date of a Change of Control (the "Settlement Date"). A Participant may elect a further deferral beyond the Settlement Date pursuant to the rules of Code Section 409A.
- F2. Amount represents 4,775 unvested DSUs and 25,384 vested DSUs.
Key Figures
Key Terms
deferred stock units financial
Change of Control financial
Code Section 409A regulatory
separation from service financial
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