Director at PACS Group (PACS) awarded 4,287 RSUs vesting by 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACS Group, Inc. director Patrick Hugh Conway reported receiving an equity award in the form of 4,287 restricted stock units of Common Stock. These RSUs carry no purchase price and increase his direct holdings to 12,444 shares after the award.
The footnote explains that each RSU will convert into one share of Common Stock upon vesting. All RSUs vest on the earlier of July 1, 2027 or the company’s next annual meeting after the grant date, as long as Conway continues to serve the company through that time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Conway Patrick Hugh
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,287 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,444 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,287 RSUs
Price per RSU: $0.0000 per unit
Total shares after transaction: 12,444 shares
+1 more
4 metrics
RSU grant size
4,287 RSUs
Restricted stock units awarded to director on July 1, 2026
Price per RSU
$0.0000 per unit
Reported transaction price for the RSU award
Total shares after transaction
12,444 shares
Director’s reported beneficial ownership after RSU grant
Vesting date trigger
July 1, 2027
Latest date when 100% of RSUs vest if still serving
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"
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. 100% of the RSUs will vest"
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
"will vest on the earlier to occur of (i) July 1, 2027 and (ii) the date of the next annual meeting"
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 in this Form 4?
PACS Group reported that director Patrick Hugh Conway received 4,287 restricted stock units as an equity award. Each RSU represents the right to receive one share of Common Stock when it vests, rather than an open-market purchase or sale.
What are the vesting terms of the PACS (PACS) restricted stock units?
All 4,287 restricted stock units vest on the earlier of July 1, 2027, or the date of the next annual meeting following the grant. Vesting is conditioned on Conway’s continued service to PACS Group through that applicable date.
Did the PACS (PACS) director pay a price for the RSU grant?
No cash price was paid for the award, as the RSUs were granted with a reported price per share of 0.0000. They represent compensation that will convert into shares if vesting conditions tied to continued service are satisfied.
Is this PACS (PACS) Form 4 an open-market buy or sell?
This Form 4 reflects an acquisition through a grant or award, not an open-market trade. The transaction code is “A,” indicating a compensation-related grant of restricted stock units rather than a discretionary purchase or sale in the market.