Park Dental (PARK) awards 2,632 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Christopher Charles reported acquisition or exercise transactions in this Form 4 filing.
Park Dental Partners, Inc. reported that director Christopher Charles Smith received a grant of 2,632 restricted stock units. Each unit represents one share of common stock, granted for no cash consideration. The award vests in full on the first anniversary of the grant date, contingent on his continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Christopher Charles
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,632 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,632 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Park Dental Partners, Inc. Common Stock upon vesting. The restricted stock units vest in full on the first anniversary of the grant date, subject to the Reporting Person's continued service as a director through such date and the terms of the applicable award agreement. The restricted stock units were granted for no cash consideration.
Key Figures
RSUs granted: 2,632 units
Underlying common shares: 2,632 shares
Grant price: $0.00 per unit
+1 more
4 metrics
RSUs granted
2,632 units
Restricted stock unit award to director on June 15, 2026
Underlying common shares
2,632 shares
Each unit represents one share of common stock
Grant price
$0.00 per unit
Granted for no cash consideration
Holdings after transaction
2,632 RSUs
Total restricted stock units reported following grant
Key Terms
Restricted Stock Units, vesting, contingent right, no cash consideration
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one 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.
vesting financial
"The restricted stock units vest in full on the first anniversary of the grant date"
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.
contingent right financial
"represents a contingent right to receive one share of Park Dental Partners, Inc. Common Stock"
no cash consideration financial
"The restricted stock units were granted for no cash consideration."
FAQ
What insider transaction did Park Dental Partners (PARK) report?
Park Dental Partners reported a director equity grant. Christopher Charles Smith received 2,632 restricted stock units, each representing one share of common stock, as part of his compensation, with no cash paid for the award.
How many restricted stock units did the PARK director receive?
The director received 2,632 restricted stock units. Each unit converts into one share of Park Dental Partners common stock upon vesting, giving him a contingent right to the same number of common shares.
What is the vesting schedule for the Park Dental Partners (PARK) RSUs?
The restricted stock units vest in full on the first anniversary of the grant date. Vesting is conditioned on Christopher Charles Smith continuing to serve as a director through that date under the applicable award agreement.
Did the Park Dental Partners director pay cash for the 2,632 RSUs?
No cash was paid for the award. The filing states the 2,632 restricted stock units were granted for no cash consideration, meaning they were provided as non-cash compensation for board service.