Premier (PINC) General Counsel Reports 14,514-Share Acquisition at $0
Rhea-AI Filing Summary
David L. Klatsky, General Counsel of Premier, Inc. (PINC), reported an acquisition on 08/21/2025 of 14,514 shares of Class A Common Stock. The reported transaction code is A (acquisition) with a reported price of $0. After the transaction he beneficially owns 104,683 shares. The filing is a single-person Form 4 and is signed on 08/22/2025.
Positive
- Timely and complete disclosure of the insider transaction including reporter role, date, shares acquired, and post-transaction ownership
- Insider increased beneficial ownership to 104,683 shares, aligning executive interest with shareholders
Negative
- Reported price of $0 lacks on-form explanation of the issuance mechanism, requiring cross-reference to other filings for context
- Form does not state the nature (e.g., grant, dividend, stock split, or exercise details) of the acquisition
Insights
TL;DR: Insider acquired 14,514 Class A shares at no reported cash price, modestly increasing beneficial ownership to 104,683 shares.
The acquisition recorded under transaction code A with a reported price of $0 suggests a non-cash issuance mechanism such as a grant, option exercise with net settlement, or similar internal award, though the form does not specify the mechanism. For governance oversight, the change is material to insider ownership metrics but is relatively small versus typical institutional holdings. Disclosure is timely and filed individually.
TL;DR: Form 4 properly discloses an insider acquisition; the $0 price requires attention for clarification in related filings.
From a compliance perspective, the Form 4 meets basic disclosure requirements: reporter identity, relationship (General Counsel), transaction date, amount acquired, post-transaction beneficial ownership, and signature. The reported $0 price is allowable where shares are issued under a plan or as a non-cash award but typically warrants cross-reference to the company’s equity compensation disclosures for full context. No amendments or joint filings are indicated.