PACS director granted 4,287 RSUs
PACS Group, Inc. director Jacqueline Millard received an equity grant in the form of restricted stock units.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
PACS Group, Inc. director Jacqueline Millard received an equity grant in the form of restricted stock units. She acquired 4,287 RSUs, each convertible into one share of common stock upon vesting, at no cash purchase price. After this grant, she holds 20,217 shares of common stock directly. The RSUs will vest 100% on the earlier of July 1, 2027 or the next annual meeting following the grant date, if she continues serving the company.
Insider Trade Summary
Grant/Award: 4,287 shares
Grant/Award
1 txn
Insider
Millard Jacqueline
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,287 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 20,217 shares (Direct)
Holdings Before and After:
Common Stock, 15,930 to 20,217 shares (Direct)
Footnotes (1)
- F1. 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. 100% of the RSUs will vest on the earlier to occur of (i) July 1, 2027 and (ii) the date of the next annual meeting following the grant date, subject to the Reporting Person's continued service to the Issuer.
Key Figures
RSUs granted: 4,287 units
Price per RSU: $0.0000 per share
Shares after transaction: 20,217 shares
+2 more
5 metrics
RSUs granted
4,287 units
Restricted stock units granted on July 1, 2026
Price per RSU
$0.0000 per share
Reported grant price for common stock underlying RSUs
Shares after transaction
20,217 shares
Total common stock held directly after RSU award
Vesting date
July 1, 2027
Earlier of July 1, 2027 or next annual meeting, subject to service
Security title
Common Stock
Underlying security for the restricted stock units
Key Terms
restricted stock units ("RSUs"), vest, annual meeting, continued service
4 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"
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.
vest financial
"100% of the RSUs will vest on the earlier to occur of (i) July 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting financial
"the earlier to occur of (i) July 1, 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.
continued service financial
"subject to the Reporting Person's continued service to the Issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PACS (PACS) director Jacqueline Millard report in this Form 4?
Director Jacqueline Millard reported receiving an equity grant of 4,287 restricted stock units. These RSUs convert into common shares upon vesting and were granted at no cash purchase price, reflecting stock-based compensation rather than an open-market transaction.
When do Jacqueline Millard’s 4,287 PACS RSUs vest?
All 4,287 restricted stock units vest 100% on the earlier of July 1, 2027 or the date of the next annual meeting following the grant. Vesting is conditioned on Jacqueline Millard’s continued service to PACS Group, Inc. through the applicable vesting date specified in the award terms.
What type of transaction is reported for PACS director Jacqueline Millard?
The transaction is classified as a grant or award acquisition of common stock in the form of restricted stock units. It is coded as an “A” transaction and represents stock-based compensation, not a market purchase or sale of existing PACS Group, Inc. shares on an exchange.
Does Jacqueline Millard pay cash for the 4,287 PACS restricted stock units?
No cash payment is indicated for the 4,287 restricted stock units, which were granted at a reported price of $0.0000 per share. This reflects a compensatory equity award, meaning value is received in stock units that may settle in common shares upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
