Pennant Group (PNTG) director receives 1,900-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COVEY STEPHEN M R reported acquisition or exercise transactions in this Form 4 filing.
Pennant Group, Inc. director Stephen M. R. Covey reported receiving a grant of 1,900 shares of Common Stock on April 15, 2026. The award was granted at no cash purchase price and increases his directly held position to 42,150 shares of Common Stock.
These granted shares vest in three equal annual installments beginning on April 15, 2027, meaning the award is tied to continued service over time rather than being fully available immediately.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COVEY STEPHEN M R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,900 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,150 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 1,900 shares
Shares held after grant: 42,150 shares
Vesting schedule: 3 annual installments
3 metrics
Shares granted
1,900 shares
Common Stock grant on April 15, 2026
Shares held after grant
42,150 shares
Direct holdings after transaction
Vesting schedule
3 annual installments
Beginning April 15, 2027
Key Terms
Grant, award, or other acquisition, Common Stock, vest
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"These shares vest in three annual installments beginning April 15, 2027."
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.
FAQ
What insider transaction did Pennant Group (PNTG) disclose for Stephen M. R. Covey?
Pennant Group disclosed that director Stephen M. R. Covey received a grant of 1,900 shares of Common Stock. The award was reported as a grant or other acquisition and did not involve an open-market purchase or sale.
What are Stephen M. R. Covey’s Pennant Group (PNTG) holdings after this grant?
After the 1,900-share grant, Stephen M. R. Covey directly holds 42,150 shares of Pennant Group Common Stock. This total reflects his position immediately following the reported award transaction on April 15, 2026.