Form 4: Director Scott Hilton Receives RSU Grant at Pattern Group
Statement of Changes in Beneficial Ownership
Director Scott Hilton was granted 11,356 restricted stock units (RSUs) by Pattern Group Inc. on May 15, 2026.
Summary
- Director Scott Hilton acquired 11,356 restricted stock units (RSUs) of Pattern Group Inc. (PTRN).
- The grant was issued on May 15, 2026, at a price of $0 per share.
- Following this transaction, the reporting person's total beneficial ownership of Series A common stock increased to 61,356 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations.
Positives
- The RSU grant aligns the director's interests with those of shareholders through equity-based compensation.
Negatives
- None identified.
Risks
- Vesting of the RSUs is contingent upon the continued service of the reporting person to the issuer through the vesting date.
Future Outlook
The RSUs are scheduled to vest on the earlier of May 15, 2027, or the date of the 2027 Annual Meeting of Stockholders, provided the director remains in service.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term retention and alignment with shareholder value.
Comparison to Industry Standards
- The use of RSU grants for board compensation is consistent with standard practices for publicly traded companies in the technology and services sectors.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard equity compensation grant.
Next Steps
- Vesting of the 11,356 RSUs on May 15, 2027, or the 2027 Annual Meeting date.
Key Dates
| Date | Description |
|---|---|
| 05/15/2026 | Transaction date of RSU grant. |
| 05/15/2027 | Expected full vesting date of the RSUs. |
| 05/18/2026 | Date of filing. |
Keywords
Pattern Group, PTRN, Form 4, Insider Trading, Restricted Stock Units, Equity Compensation
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