Healthcare Services Group (HCSG) director receives 1,969 deferred stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Casey Diane S reported acquisition or exercise transactions in this Form 4 filing.
HEALTHCARE SERVICES GROUP INC director Diane S. Casey received a compensation grant of 1,969 deferred stock units (DSUs) of common stock on May 26, 2026. The DSUs are unvested and will become fully vested on the one-year anniversary of the grant date.
According to the filing, all 14,975 units reported after the transaction are DSUs, consisting of 4,775 unvested DSUs and 10,200 vested DSUs. These DSUs will be settled in shares of common stock upon certain future events such as a five-year anniversary, death, disability, separation from service, or a change of control, with an option for further deferral under Code Section 409A.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Casey Diane S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,969 | $20.32 | $40K |
Holdings After Transaction:
Common Stock — 14,975 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 10,200 vested DSUs.
Key Figures
DSUs granted: 1,969 units
Grant reference price: $20.32 per unit
Total DSUs after grant: 14,975 units
+2 more
5 metrics
DSUs granted
1,969 units
Deferred stock units granted on May 26, 2026
Grant reference price
$20.32 per unit
Reported price for DSU grant
Total DSUs after grant
14,975 units
Holdings following transaction
Unvested DSUs
4,775 units
Unvested portion of total DSUs
Vested DSUs
10,200 units
Vested portion of total DSUs
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 financial
"A Participant may elect a further deferral beyond the Settlement Date pursuant to the rules of Code Section 409A."
FAQ
What did HCSG director Diane S. Casey report in this Form 4 filing?
Diane S. Casey reported receiving 1,969 deferred stock units as a compensation grant. These units are tied to Healthcare Services Group common stock and vest after one year, adding to her existing deferred stock unit holdings as a company director.
How many HCSG equity units does Diane S. Casey hold after this transaction?
After the transaction, Diane S. Casey holds 14,975 deferred stock units. The filing specifies this total includes 4,775 unvested DSUs and 10,200 vested DSUs, all of which are ultimately payable in Healthcare Services Group common stock upon specified future settlement events.
When do the newly granted HCSG deferred stock units vest and settle?
The 1,969 newly granted deferred stock units vest one year after the grant date. They are settled in Healthcare Services Group common shares upon the earlier of five years from grant, death, disability, separation from service, or a change of control, subject to deferral elections.
Is this HCSG Form 4 transaction an open-market purchase or sale?
This Form 4 shows a grant of deferred stock units, not an open-market trade. The code "A" indicates a grant or award acquisition, meaning the director received equity-based compensation rather than buying or selling shares in the open market.
What is the reference price per unit in Diane S. Casey’s HCSG grant?
The grant is referenced at $20.32 per deferred stock unit. This price is typically used for valuation and reporting of the award, rather than indicating an open-market purchase price, since the units were granted as compensation and not bought on an exchange.
How are HCSG deferred stock units treated under Code Section 409A?
The filing notes participants may elect further deferral of settlement under Code Section 409A. This U.S. tax rule governs deferred compensation, allowing directors to postpone when DSUs convert into Healthcare Services Group shares, subject to specific timing and form-of-payment requirements.