HCSG (HCSG) director converts 2026 board fees into Deferred Stock Units
Rhea-AI Filing Summary
HEALTHCARE SERVICES GROUP INC director Laura K. Grant received a compensatory stock award rather than making an open-market trade. On this Form 4, she acquired 306 shares of common stock on June 30, 2026 at a reference price of $24.56 per share as a grant or award.
Grant has elected to receive fully vested Deferred Stock Units (DSUs) under the company’s 2020 Amended Omnibus Incentive Plan instead of cash fees for serving on the Board and its committees. The number of DSUs is based on her fees divided by the issuer’s closing stock price on the payment date, rounded up to the nearest whole share.
After this grant, she directly holds 18,314 shares, consisting of 1,969 unvested DSUs and 16,345 vested DSUs. The DSUs will be settled in shares of common stock 90 days after she leaves the Board, and she may elect an additional deferral in line with Code Section 409A rules.
Positive
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 306 | $24.56 | $8K |
Footnotes (1)
- The reporting person has elected to receive fully vested shares of Deferred Stock Units ("DSUs") under the Issuer's 2020 Amended 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 the director's fees earned in 2026 in compliance with the issuer's black-out 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 ninety days following separation of service from the Board. The reporting person may elect a further deferral beyond the Settlement Date pursuant to the rules of Code Section 409A. Amount represents 1,969 unvested DSUs and 16,345 vested DSUs.