Form 4: PACS Group Executive Joseph Robert Lee Reports Tax Liability Transaction
SEC Form 4 Filing
Joseph Robert Lee, Chief Compliance Officer of PACS Group, reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On April 15, 2025, Joseph Robert Lee, Chief Compliance Officer of PACS Group, Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 28,763 shares to cover tax liabilities related to the vesting of previously granted restricted stock units (RSUs).
- The price per share for the transaction was $9.35.
- Following the transaction, Lee directly owns 648,122 shares of PACS Group, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related activity.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: withholding of shares for tax liability. |
| 04/16/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, PACS Group, Insider Trading, Joseph Robert Lee, Chief Compliance Officer, Stock Transaction, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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