Form 4: Planet Fitness Director Granted Restricted Stock Units
Insider Transaction Report
Stephen W. Beard, a director at Planet Fitness, Inc., received a grant of 368 restricted stock units.
Summary
- Stephen W. Beard, a director of Planet Fitness, Inc. (PLNT), was granted 368 shares of Class A common stock.
- The transaction date for this grant was February 9, 2026.
- These shares represent restricted stock units (RSUs) with a grant price of $0.00.
- The RSUs are set to vest on the earlier of the issuer's next annual meeting of stockholders or the first anniversary of the grant date.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting standard director compensation practices and aligning the director's interests with the company's long-term performance.
Positives
- The grant of restricted stock units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
Future Outlook
The restricted stock units granted to Stephen W. Beard are scheduled to vest on the earlier of Planet Fitness's next annual meeting of stockholders or the first anniversary of the grant date.
Industry Context
StockSavvy.ai notes that equity grants, such as restricted stock units, are a standard component of executive and director compensation packages across various industries, including the fitness and leisure sector, designed to incentivize long-term performance and align interests with shareholders.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Administrative Authorization | Stephen Beard granted a Limited Power of Attorney to Sarah Powell and Darrell Chichester to prepare, execute, and submit SEC Forms 3, 4, and 5 on his behalf. | 02/02/2026 | Enhances administrative efficiency for compliance with Section 16(a) of the Securities Exchange Act of 1934 for director filings. |
Related Party Transactions
- The grant of 368 restricted stock units to Stephen W. Beard, a director, constitutes a related party transaction as it involves compensation from the company to a member of its board.
Stakeholder Impact
- Shareholders: The RSU grant aligns the director's financial interests with shareholder value creation, as the value of the units is tied to the company's stock price.
- Director (Stephen W. Beard): Receives equity compensation, incentivizing long-term commitment and performance.
Next Steps
- The restricted stock units will vest on the earlier of the issuer's next annual meeting of stockholders or the first anniversary of the grant date.
Key Dates
| Date | Description |
|---|---|
| 02/02/2026 | Date Stephen Beard executed a Limited Power of Attorney for SEC filings. |
| 02/09/2026 | Date of the grant of restricted stock units to Stephen W. Beard. |
| 02/10/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Planet Fitness, PLNT, Form 4, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Grant
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