HCSG director receives 809 deferred stock units
Simmons Kurt JR reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Simmons Kurt JR reported acquisition or exercise transactions in this Form 4 filing.
Healthcare Services Group Inc. director Kurt JR Simmons reported receiving 809 shares of common stock as a grant under the company’s 2020 Omnibus Incentive Plan. The award reflects an election to take board fees in fully vested Deferred Stock Units (DSUs) valued at $18.55 per share.
After this grant, Simmons holds 28,190 DSUs, consisting of 2,806 unvested DSUs and 25,384 vested DSUs. These DSUs will be settled in shares of common stock on the earlier of January 1, 2031, death, disability, separation from service, or a Change of Control, with an option for further deferral under Code Section 409A.
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 809 | $18.55 | $15K |
Footnotes (2)
- F1. The reporting person has elected to receive fully vested shares of Deferred Stock Units ("DSUs") under the Issuer's 2020 Omnibus Incentive Plan in lieu of cash fees payable for service on the Issuer's Board of Directors and any committees thereof. The reporting person made this election in 2025 which applies to Director's fees earned in 2026 in compliance with the Issuer's blackout period guidelines. The number of shares represents the quotient of the amount of such fees divided by the Issuer's closing stock price on the date such fees would otherwise be paid, rounded up to the nearest whole share. Such DSUs will be settled in shares of common stock on the first to occur of (i) January 1, 2031; (ii) the Participant's date of death, disability or separation from service; or (iii) the date of a Change of Control (the "Settlement Date"). The reporting person may elect a further deferral beyond the Settlement Date pursuant to the rules of Code Section 409A.
- F2. Amount represents 2,806 unvested DSUs and 25,384 vested DSUs.
Key Figures
Key Terms
Deferred Stock Units financial
2020 Omnibus Incentive Plan financial
blackout period guidelines regulatory
Change of Control financial
Code Section 409A regulatory
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