Form 4: Healthcare Services Group Director Acquires Shares Through Deferred Stock Units
SEC Form 4 Filing
Director Kurt Simmons JR acquired 3,728 shares of Healthcare Services Group Inc. through a grant of deferred stock units at a price of $10.73 per share.
Summary
- On May 28, 2024, Kurt Simmons JR, a director of Healthcare Services Group Inc. (HCSG), acquired 3,728 shares of common stock.
- The acquisition was made through a grant of unvested deferred stock units (DSUs) at a price of $10.73 per share.
- These DSUs will vest on the one-year anniversary of the grant date and will be settled in shares of common stock on a future Settlement Date.
- The Settlement Date is defined as the first to occur of (i) the five-year anniversary of the Date of Grant, (ii) the Participant's date of death, disability or separation from service; or (iii) the date of a Change of Control.
- Simmons directly owns 16,358 shares following the transaction, including 6,563 unvested DSUs and 9,795 vested DSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a standard transaction by a company director. While insider buying can be seen as a positive signal, this is a routine grant of deferred stock units.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.
Future Outlook
The deferred stock units will vest one year from the grant date and will be settled in shares of common stock on the first to occur of (i) five-year anniversary of the Date of Grant, (ii) the Participant's date of death, disability or separation from service; or (iii) the date of a Change of Control.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of shares, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of transaction: acquisition of shares through deferred stock units. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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