Healthcare Services director granted 611 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 a compensation-related stock grant. He received 611 shares of common stock at $24.56 per share as a grant or award, bringing his direct holdings to 30,770 shares.
According to the disclosure, Simmons has elected to receive fully vested Deferred Stock Units instead of cash fees for his board and committee service under the 2020 Omnibus Incentive Plan. These DSUs will be settled in common shares on the earlier of January 1, 2031, his death, disability, separation from service, or a Change of Control, with the option to defer further under Code Section 409A.
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 611 | $24.56 | $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 1,969 unvested DSUs and 28,801 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
FAQ
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What insider transaction did HCSG director Kurt JR Simmons report?
How did Kurt JR Simmons structure his HCSG board compensation?
When will HCSG Deferred Stock Units held by Kurt JR Simmons be settled?
How many HCSG Deferred Stock Units does Kurt JR Simmons currently hold?
Is the HCSG Form 4 transaction an open-market buy or a compensation grant?
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