Pennant Group (PNTG) COO gets new stock grant and 41,000-share option
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Pennant Group, Inc. Chief Operating Officer John J. Gochnour reported compensation-related equity grants and a correction to his reported holdings. On March 3, 2026, he was awarded 11,214 shares of Common Stock that vest immediately on that date, bringing his direct Common Stock holdings to 145,464 shares after the grant. On March 5, 2026, he received a stock option for 41,000 shares of Common Stock at an exercise price of $33.30 per share, vesting in five equal annual installments beginning March 5, 2027 and expiring March 5, 2036. The filing is amended to correct the amount of securities beneficially owned as of the reported transaction date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gochnour John J
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 41,000 | $33.30 | $1.37M |
| Grant/Award | Common Stock | 11,214 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 41,000 shares (Direct);
Common Stock — 145,464 shares (Direct)
Footnotes (1)
- These shares vest immediately on March 3, 2026. This amendment is being filed to correct the amount of securities beneficially owned as of the transaction date reported above. These shares vest in five equal annual installments beginning March 5, 2027.
Key Figures
Stock option size: 41,000 shares
Option exercise price: $33.30 per share
Option expiration: March 5, 2036
+2 more
5 metrics
Stock option size
41,000 shares
Option on Common Stock granted March 5, 2026
Option exercise price
$33.30 per share
Exercise price for 41,000-share stock option
Option expiration
March 5, 2036
Expiration date of stock option grant
Immediate stock grant
11,214 shares
Common Stock award vesting March 3, 2026
Shares held after grant
145,464 shares
Total direct Common Stock holdings after March 3, 2026 grant
Key Terms
Stock Option (right to buy), beneficially owned, vest immediately, equal annual installments, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
beneficially owned financial
"correct the amount of securities beneficially owned as of the transaction date"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
vest immediately financial
"These shares vest immediately on March 3, 2026."
equal annual installments financial
"These shares vest in five equal annual installments beginning March 5, 2027."
exercise price financial
"conversion_or_exercise_price: 33.3000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What equity awards did Pennant Group (PNTG) COO John Gochnour receive?
John Gochnour received 11,214 shares of Common Stock and a stock option for 41,000 shares at $33.30 per share. The stock grant vests immediately, while the option vests over five years starting March 5, 2027.
What are the key terms of John Gochnour’s new Pennant Group (PNTG) stock option?
The stock option covers 41,000 shares of Common Stock at an exercise price of $33.30 per share. It vests in five equal annual installments beginning March 5, 2027 and expires on March 5, 2036 if not exercised.
Why was this Pennant Group (PNTG) Form 4/A filed as an amendment?
The Form 4/A was filed to correct the amount of securities beneficially owned as of the transaction date. The amendment clarifies John Gochnour’s correct ownership following the reported equity awards, improving accuracy of insider ownership records.
Is John Gochnour’s March 5, 2026 Pennant Group (PNTG) transaction a market purchase?
No, the March 5, 2026 transaction is a grant of a stock option for 41,000 shares at $33.30 per share. It is classified as a grant or award acquisition, not an open-market purchase, so no market trade occurred for those shares.