HCSG (HCSG) EVP exercises stock units and withholds shares for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

HEALTHCARE SERVICES GROUP INC executive Jason J. Bundick reported multiple equity award transactions. He acquired 3,374 Restricted Stock Units and related common shares through exercises and conversions at a stated price of $0.00 per share.

He also acquired blocks of 3,374 and 9,643 shares of common stock upon conversion at a 1-for-1 rate, while 1,432 and 4,091 shares of common stock were disposed of at $21.40 per share to satisfy tax withholding obligations. Certain common shares were earned from a performance stock unit award based on financial performance criteria and vested when the company’s compensation committee certified the results.

Insider Trade Summary

3,374 shares exercised/converted

Mixed 5 txns

Insider Bundick Jason J

Role EVP/Gen. Counsel/Corp. Secty.

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,374	$0.00	--
Exercise	Common Stock	3,374	$0.00	--
Tax Withholding	Common Stock	1,432	$21.40	$31K
Exercise	Common Stock	9,643	$0.00	--
Tax Withholding	Common Stock	4,091	$21.40	$88K

Holdings After Transaction: Restricted Stock Units — 6,748 shares (Direct); Common Stock — 31,244 shares (Direct)

Footnotes (1)

Represents shares withheld to pay taxes. Represents common stock earned and delivered on a performance stock unit award previously granted in February 2023, based on the satisfaction of certain financial performance criteria for the period ended December 31, 2025. The Company's Nominating, Compensation and Stock Option Committee certified the level of performance-goal attainment on February 24, 2026 and the shares vested upon certification. 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 February 24, 2023 grant date.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/26/2026 - 04:05 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bundick Jason J

(Last)

(First)

(Middle)

3220 TILLMAN DRIVE

SUITE 300

(Street)

BENSALEM

19020

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HEALTHCARE SERVICES GROUP INC [ HCSG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP/Gen. Counsel/Corp. Secty.

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/24/2026		M		3,374	A	$0	31,244	D
Common Stock	02/24/2026		F		1,432⁽¹⁾	D	$21.4	29,812	D
Common Stock	02/24/2026		M		9,643⁽²⁾	A	$0	39,455	D
Common Stock	02/24/2026		F		4,091⁽¹⁾	D	$21.4	35,364	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽³⁾	02/24/2026		M			3,374	⁽⁴⁾	⁽⁴⁾	Common Stock	3,374	$0	6,748	D

Explanation of Responses:

1. Represents shares withheld to pay taxes.

2. Represents common stock earned and delivered on a performance stock unit award previously granted in February 2023, based on the satisfaction of certain financial performance criteria for the period ended December 31, 2025. The Company's Nominating, Compensation and Stock Option Committee certified the level of performance-goal attainment on February 24, 2026 and the shares vested upon certification.

3. Shares issued at the conversion rate of 1-for-1.

4. These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the February 24, 2023 grant date.

Remarks:

	Michael Harrity, by Power of Attorney	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did HCSG’s Jason J. Bundick report?

Jason J. Bundick reported exercises and settlements of equity awards, including Restricted Stock Units and performance stock units, plus related tax-withholding share dispositions. The transactions converted awards into common stock and withheld a portion of shares at $21.40 each to cover tax obligations.

How many Restricted Stock Units did Jason J. Bundick receive at HCSG?

Jason J. Bundick acquired 3,374 Restricted Stock Units. These units are scheduled to vest 20% annually starting on the first anniversary of the February 24, 2023 grant date, providing him with phased future entitlement to HCSG common stock as the vesting conditions are met.

What common stock did Bundick acquire through equity award conversion at HCSG?

Bundick acquired 3,374 and 9,643 shares of HEALTHCARE SERVICES GROUP INC common stock through exercise or conversion of derivative securities. The shares were issued at a 1-for-1 conversion rate, reflecting settlement of previously granted stock-based awards rather than open-market purchases.

Why were some HCSG shares disposed of in Bundick’s Form 4 filing?

The filing shows dispositions of 1,432 and 4,091 shares of HCSG common stock at $21.40 per share. According to the disclosure, these shares were withheld and delivered to satisfy tax liabilities associated with the vesting or exercise of Bundick’s equity awards.

What performance-based equity award did Bundick earn at HCSG?

Bundick earned common stock from a performance stock unit award granted in February 2023. The shares were delivered after financial performance criteria for the period ending December 31, 2025 were met and the compensation committee certified goal attainment on February 24, 2026.

How will Bundick’s Restricted Stock Units at HCSG vest over time?

Bundick’s Restricted Stock Units will vest at a rate of 20% each year. Vesting begins on the first anniversary of the February 24, 2023 grant date, meaning full vesting occurs over five years if he continues to satisfy the applicable service conditions.