PACS (PACS) President & COO has 197,525 shares withheld to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACS Group, Inc. President & COO Joshua Jergensen reported a tax-withholding disposition related to equity compensation. On the vesting of previously granted restricted stock units, 197,525 shares of common stock were withheld at $33.14 per share to cover tax liabilities. After this non-market transaction, Jergensen directly holds 2,616,320 shares of PACS Group common stock, indicating this was a routine compensation-related tax event rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jergensen Joshua
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 197,525 | $33.14 | $6.55M |
Holdings After Transaction:
Common Stock — 2,616,320 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 197,525 shares
Withholding price per share: $33.14 per share
Shares held after transaction: 2,616,320 shares
3 metrics
Shares withheld for taxes
197,525 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$33.14 per share
Value used for tax-withholding shares
Shares held after transaction
2,616,320 shares
Direct holdings after tax-withholding event
Key Terms
restricted stock units, tax liability, withholding of securities
3 terms
restricted stock units financial
"upon the vesting of previously granted and reported restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Payment of tax liability through the withholding of securities"
withholding of securities financial
"through the withholding of securities upon the vesting"
FAQ
What insider transaction did PACS President & COO Joshua Jergensen report?
Joshua Jergensen reported a tax-withholding disposition, where 197,525 PACS common shares were withheld to cover taxes on vested restricted stock units. This was a compensation-related event, not an open-market purchase or sale of shares.
What does transaction code "F" mean in the PACS Form 4 filing?
Transaction code “F” indicates shares were used to pay an exercise price or tax liability. For PACS, it reflects shares withheld from Joshua Jergensen upon vesting of restricted stock units to satisfy taxes, not a discretionary market sale or purchase.