Director Taylor Leavitt awarded 4,287 RSUs at PACS Group (PACS)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACS Group, Inc. reported that director Taylor S. Leavitt received a grant of 4,287 restricted stock units (RSUs), with no cash paid per share. Each RSU will convert into one share of common stock when it vests.
According to the terms, 100% of the RSUs vest on the earlier of July 1, 2027 or the date of the next annual meeting following the grant, as long as Leavitt continues serving the company. After this award, Leavitt holds 19,784 shares of common stock directly.
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 | 4,287 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,784 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 4,287 units
Grant price: $0.00 per share
Shares after transaction: 19,784 shares
+1 more
4 metrics
RSUs granted
4,287 units
Restricted stock units awarded to director on July 1, 2026
Grant price
$0.00 per share
Equity award, no cash paid for RSUs
Shares after transaction
19,784 shares
Total common stock held directly by Leavitt post-award
RSU vesting date
July 1, 2027
100% vesting or earlier at next annual meeting
Key Terms
restricted stock units, RSUs, vesting, annual meeting
4 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share"
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.
RSUs financial
"100% of the RSUs will vest on the earlier to occur of (i) July 1, 2027"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"100% of the RSUs will vest on the earlier to occur of (i) July 1, 2027"
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) 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 for Taylor S. Leavitt?
PACS disclosed that director Taylor S. Leavitt received a grant of 4,287 restricted stock units. Each RSU represents one future share of common stock, awarded as equity compensation rather than a cash purchase on the open market.
When do Taylor S. Leavitt’s PACS (PACS) RSUs vest?
All 4,287 RSUs vest on the earlier of July 1, 2027 or the next annual meeting date after the grant. Vesting is conditioned on Leavitt’s continued service to PACS Group, aligning his compensation with ongoing board tenure.
What type of security was granted to Taylor S. Leavitt by PACS (PACS)?
PACS granted restricted stock units, or RSUs, to Taylor S. Leavitt. Each RSU entitles him to receive one share of common stock upon vesting, providing equity compensation that depends on his continued service to the company.