Healthcare Services Group (NASDAQ: HCSG) director gets 1,969 DSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grant Laura K reported acquisition or exercise transactions in this Form 4 filing.
Healthcare Services Group Inc. director Laura K. Grant received a grant of 1,969 deferred stock units (DSUs) tied to common stock at a reference value of $20.32 per unit. These DSUs are unvested and will fully vest one year after the grant date, then be settled in shares of common stock upon specified future events such as the five-year anniversary of grant, death, disability, separation from service, or a change of control. Following this award, Grant holds 18,008 DSUs in total, consisting of 4,775 unvested DSUs and 13,233 vested DSUs, reflecting a routine, compensation-related increase in her equity-based interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grant Laura K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,969 | $20.32 | $40K |
Holdings After Transaction:
Common Stock — 18,008 shares (Direct, null)
Footnotes (1)
- 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. Amount represents 4,775 unvested DSUs and 13,233 vested DSUs.
Key Figures
DSUs granted: 1,969 units
Grant reference price: $20.32 per unit
Total DSUs after grant: 18,008 units
+2 more
5 metrics
DSUs granted
1,969 units
Deferred stock unit grant on common stock
Grant reference price
$20.32 per unit
Value per DSU at grant
Total DSUs after grant
18,008 units
Holdings following transaction
Unvested DSUs
4,775 units
Portion of total DSUs unvested after grant
Vested DSUs
13,233 units
Portion of total DSUs already vested
Key Terms
deferred stock units, DSU, Change of Control, Code Section 409A
4 terms
deferred stock units financial
"Represents a grant of unvested deferred stock units ("DSU") which will become fully vested..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
DSU financial
"Represents a grant of unvested deferred stock units ("DSU") which will become fully vested..."
Change of Control financial
"the date of a Change of Control (the "Settlement Date")."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Code Section 409A regulatory
"A Participant may elect a further deferral beyond the Settlement Date pursuant to the rules of Code Section 409A."
FAQ
What insider transaction did HCSG director Laura K. Grant report?
Laura K. Grant reported receiving 1,969 deferred stock units (DSUs) linked to Healthcare Services Group common stock. The award is a compensation-related grant, not an open-market share purchase, and increases her total DSU holdings to 18,008 units after the transaction.
How large is Laura K. Grant’s new equity award at Healthcare Services Group (HCSG)?
The award is 1,969 deferred stock units (DSUs) valued at $20.32 per unit for reference. These units will convert into shares of common stock only upon future settlement events defined in the company’s plan documents and footnote terms.
When do Laura K. Grant’s newly granted HCSG DSUs vest and settle?
The 1,969 newly granted deferred stock units will become fully vested on the one-year anniversary of the grant date. They settle in common shares at the earlier of five years after grant, death, disability, separation from service, or a change of control event.
How many Healthcare Services Group DSUs does Laura K. Grant hold after this Form 4?
After the grant, Laura K. Grant holds 18,008 deferred stock units in total. Footnote disclosure indicates this consists of 4,775 unvested DSUs and 13,233 vested DSUs, all ultimately payable in shares of Healthcare Services Group common stock upon settlement.
Is Laura K. Grant’s HCSG Form 4 transaction a market purchase or a compensation grant?
The filing shows a compensation grant classified under transaction code “A” for an award or other acquisition. It represents unvested deferred stock units granted by the company, not an open-market purchase or sale of Healthcare Services Group common stock.