Form 4: Planet Fitness Executive Receives Stock Grant
Statement of Changes in Beneficial Ownership
Planet Fitness, Inc. reports a stock grant to CFO & President, International, Sudhanshu Priyadarshi, with vesting over three years.
Summary
- Sudhanshu Priyadarshi, CFO & President, International of Planet Fitness, Inc., received a grant of restricted stock units (RSUs) on June 25, 2026.
- The RSUs represent 92,832 shares of the company's Class A Common Stock.
- These RSUs vest in equal installments over the first three anniversaries of the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on a standard executive stock grant rather than significant financial or strategic developments.
Positives
- Grant of restricted stock units to a key executive, indicating potential alignment of executive interests with shareholder value.
- The vesting schedule over three years encourages long-term commitment and performance.
Future Outlook
The filing does not contain specific forward-looking statements or guidance. The vesting schedule of the RSUs implies a future outlook tied to continued employment and company performance over the next three years.
Industry Context
StockSavvy.ai notes that grants of restricted stock units to executives are a common practice in the fitness and retail industries to incentivize long-term performance and retention. This aligns with broader trends of performance-based compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Sudhanshu Priyadarshi granted power of attorney to Sarah Powell and Darrell Chichester to execute SEC filings on his behalf. | 06/26/2026 | Facilitates timely and accurate filing of required SEC documents by designated representatives. |
Stakeholder Impact
- Shareholders: The stock grant aligns executive incentives with long-term shareholder value creation.
- Employees: May signal a stable leadership team focused on long-term growth.
- Management: Reinforces the role of Sudhanshu Priyadarshi within the company's leadership structure.
Next Steps
- Vesting of restricted stock units over the next three years, contingent on continued employment and performance.
Key Dates
| Date | Description |
|---|---|
| 06/25/2026 | Date of earliest transaction and grant of restricted stock units. |
| 06/29/2026 | Date of signature on the Form 4 filing. |
| 06/26/2026 | Date of execution for the Power of Attorney. |
Keywords
Planet Fitness, PLNT, Form 4, Stock Grant, Restricted Stock Units, Executive Compensation, SEC Filing, Sudhanshu Priyadarshi
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