Healthcare Services Group (HCSG) CFO gains new restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Healthcare Services Group Inc. executive vice president and chief financial officer Vikas Singh reported routine equity compensation activity. He exercised 935 Restricted Stock Units into an equal number of common shares at a reference price of $20.60 per share, increasing his direct holdings to 12,277 shares. He also received a new grant of 2,202 Restricted Stock Units tied to common stock at the same reference price, bringing his direct holdings to 13,212 shares. The new Restricted Stock Units vest at a rate of 20% each year, starting on the first anniversary of the May 27, 2025 grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
935 shares exercised/converted
Mixed
2 txns
Insider
Singh Vikas
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,202 | $20.60 | $45K |
| Exercise | Restricted Stock Units | 935 | $20.60 | $19K |
Holdings After Transaction:
Restricted Stock Units — 13,212 shares (Direct, null)
Footnotes (1)
- Shares issued at the conversion rate of 1-for-1. These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the May 27, 2025 grant date. Represents shares withheld to pay taxes.
Key Figures
RSUs exercised: 935 units at $20.60
RSUs granted: 2,202 units at $20.60
Shares after exercise: 12,277 shares
+2 more
5 metrics
RSUs exercised
935 units at $20.60
Exercise or conversion of derivative security on May 27, 2026
RSUs granted
2,202 units at $20.60
Grant, award, or other acquisition on May 27, 2026
Shares after exercise
12,277 shares
Direct holdings following RSU exercise
Shares after grant
13,212 shares
Direct holdings following RSU grant
Vesting schedule
20% annually
RSUs vesting starting first anniversary of May 27, 2025 grant
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, Grant, award, or other acquisition, vest
4 terms
Restricted Stock Units financial
"These Restricted Stock Units shall vest at the rate of 20% annually"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vest financial
"These Restricted Stock Units shall vest at the rate of 20% annually"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transactions did HCSG CFO Vikas Singh report on this Form 4?
Vikas Singh reported two acquire-side equity transactions. He exercised 935 Restricted Stock Units into common shares and received a new grant of 2,202 Restricted Stock Units, all held directly, as part of his equity compensation package.
What was the price reference for the HCSG restricted stock unit transactions?
Both transactions used a $20.60 per share reference price. The exercise of 935 Restricted Stock Units and the grant of 2,202 additional Restricted Stock Units were each reported with this price, providing a consistent valuation reference for the equity awards.
How do the new HCSG restricted stock units granted to the CFO vest?
The 2,202 newly granted Restricted Stock Units vest in installments. According to the disclosure, they vest at a rate of 20% annually, beginning on the first anniversary of the May 27, 2025 grant date, creating a multi-year vesting schedule.
Were the HCSG CFO’s Form 4 transactions open-market buys or routine equity awards?
The transactions reflect routine equity awards, not open-market purchases. The filing characterizes them as an exercise or conversion of derivative securities and a grant or award acquisition of Restricted Stock Units, both typical elements of executive compensation.