Park Dental Partners (PARK) CEO awarded 23,785 restricted stock units over four-year vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SWENSON PETER G reported acquisition or exercise transactions in this Form 4 filing.
Park Dental Partners, Inc. CEO and Chairman Peter G. Swenson received a grant of 23,785 restricted stock units as equity compensation. Each unit represents a right to receive one share of common stock upon vesting and was granted for no cash consideration.
The restricted stock units vest in four equal installments of 25% on each of the first four anniversaries of the grant date, contingent on Swenson’s continued service and the terms of the award agreement. Following this grant, he holds 23,785 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SWENSON PETER G
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23,785 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 23,785 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 25% on each of the first four anniversaries of the grant date, subject to the Reporting Person's continued service through each applicable vesting date and the terms of the applicable award agreement. The restricted stock units were granted for no cash consideration.
Key Figures
RSUs granted: 23,785 units
Underlying common shares: 23,785 shares
Grant price: $0.00 per unit
+2 more
5 metrics
RSUs granted
23,785 units
Restricted stock units granted to CEO on June 15, 2026
Underlying common shares
23,785 shares
Each RSU represents one share of common stock upon vesting
Grant price
$0.00 per unit
Restricted stock units granted for no cash consideration
Vesting schedule
25% per year over 4 years
Vests on each of the first four anniversaries of grant date
Holdings after grant
23,785 RSUs
Total restricted stock units directly held following this transaction
Key Terms
Restricted Stock Units, vest, grant date, no cash consideration
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Park Dental Partners, Inc. Common Stock upon vesting."
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.
vest financial
"The restricted stock units vest 25% on each of the first four anniversaries of the grant date..."
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.
grant date financial
"The restricted stock units vest 25% on each of the first four anniversaries of the grant date..."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
no cash consideration financial
"The restricted stock units were granted for no cash consideration."
FAQ
What did PARK CEO Peter Swenson report on this Form 4?
Peter G. Swenson reported receiving 23,785 restricted stock units as equity compensation. These units were granted for no cash consideration and give him the right to receive an equal number of Park Dental Partners common shares when they vest under the award terms.
How many restricted stock units did PARK grant to Peter Swenson?
Park Dental Partners granted Peter G. Swenson 23,785 restricted stock units. Each unit represents a contingent right to receive one share of common stock, so the grant covers 23,785 underlying common shares if all vesting conditions are ultimately satisfied under the award agreement.
What are the vesting terms of Peter Swenson’s PARK restricted stock units?
The restricted stock units vest 25% on each of the first four anniversaries of the grant date. Vesting is subject to Peter G. Swenson’s continued service through each vesting date and compliance with the terms of the applicable award agreement governing this equity grant.
Did Peter Swenson pay cash for the PARK restricted stock units?
No, the restricted stock units were granted for no cash consideration. This means Peter G. Swenson did not purchase them on the open market; instead, they were awarded to him as part of his compensation package by Park Dental Partners, Inc.
How many PARK restricted stock units does Peter Swenson hold after this transaction?
After this transaction, Peter G. Swenson holds 23,785 restricted stock units directly. These units each relate to one underlying share of Park Dental Partners common stock, which he may receive over time if all vesting and service conditions are met.
What type of security did PARK grant to its CEO in this Form 4?
Park Dental Partners granted restricted stock units, a form of equity-based compensation. Each restricted stock unit represents a contingent right to receive one share of Park Dental Partners common stock upon vesting, rather than immediate ownership of shares at the grant date.