PACS Group (PACS) director awarded 4,660 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEAVITT TAYLOR S. reported acquisition or exercise transactions in this Form 4 filing.
PACS Group, Inc. director Taylor S. Leavitt received an equity grant of 4,660 restricted stock units (RSUs), each convertible into one share of common stock upon vesting. After this award, Leavitt holds 15,497 shares of common stock directly.
The RSUs will vest 100% on the earlier of June 10, 2027 or the date of the next annual meeting following the grant, as long as Leavitt continues to serve the company. This filing reflects a compensation-related share award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LEAVITT TAYLOR S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,660 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,497 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,660 RSUs
Shares after transaction: 15,497 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
4,660 RSUs
Equity award to director on June 10, 2026
Shares after transaction
15,497 shares
Total common stock held directly after RSU grant
Grant price
$0.00 per share
RSUs granted as compensation, no cash paid by director
Vesting date
June 10, 2027
100% vesting or earlier at next annual meeting
Key Terms
restricted stock units ("RSUs"), vesting, annual meeting
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of Common Stock for each RSU upon vesting."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting financial
"one (1) share of Common Stock for each RSU upon vesting."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting financial
"the earlier to occur of (i) June 10, 2027 and (ii) the date of the next annual meeting following the grant date"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did PACS (PACS) report for Taylor S. Leavitt?
PACS reported that director Taylor S. Leavitt received a grant of 4,660 restricted stock units. Each RSU converts into one share of common stock upon vesting, reflecting equity compensation rather than an open-market trade.
When do Taylor S. Leavitt’s PACS (PACS) RSUs vest?
The 4,660 RSUs vest 100% on the earlier of June 10, 2027 or the date of the next annual meeting after the grant. Vesting depends on Leavitt’s continued service to PACS Group, Inc.
What type of award is disclosed in this PACS (PACS) Form 4 filing?
The filing discloses a grant of restricted stock units, or RSUs, to director Taylor S. Leavitt. Each RSU entitles the holder to receive one share of PACS common stock when vesting conditions are satisfied.