PACS Group (PACS) grants 82,039 RSUs to Chief Legal Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MITCHELL JOHN TODD reported acquisition or exercise transactions in this Form 4 filing.
PACS Group, Inc. reported that Chief Legal Officer and Secretary John Todd Mitchell received a grant of 82,039 shares of Common Stock in the form of restricted stock units. These RSUs vest in three substantially equal annual installments starting on the first anniversary of March 24, 2026, contingent on his continued service. Following this award, he directly holds 950,189 shares of the company’s Common Stock, reflecting a significant ongoing equity stake aligned with long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MITCHELL JOHN TODD
Role
Chief Legal Officer & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 82,039 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 950,189 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PACS (PACS) disclose for John Todd Mitchell?
PACS Group disclosed that Chief Legal Officer and Secretary John Todd Mitchell received a grant of 82,039 restricted stock units. Each RSU represents one share of Common Stock, awarded as part of his equity compensation, with vesting tied to continued service over three years.
How do the 82,039 RSUs granted by PACS Group vest over time?
The 82,039 restricted stock units vest in substantially equal annual installments on the first, second, and third anniversaries of March 24, 2026. Vesting is conditioned on Mitchell’s continued service with PACS Group through each applicable vesting date, reinforcing retention and long-term alignment.
Did John Todd Mitchell pay a purchase price for the PACS RSU grant?
No cash purchase price is associated with this grant, as the RSUs were awarded at a reported price of $0.0000 per share. This indicates a compensation-related equity award rather than an open-market stock purchase, common for senior executive incentive programs.
What type of security was involved in PACS Group’s latest insider filing?
The transaction involved PACS Group Common Stock delivered through restricted stock units. Each RSU entitles John Todd Mitchell to receive one share of Common Stock upon vesting, subject to his continued service, making it a non-derivative, equity-based compensation grant.