Pennant Group (PNTG) grants 26,000 stock options to Chief Clinical Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pennant Group, Inc. reported a Form 4 showing its Chief Clinical Officer, Jason Paul Steik, received a grant of stock options for 26,000 shares of common stock at an exercise price of $33.30 per share. These options vest in five equal annual installments beginning on March 5, 2027, and represent his full reported option holdings of 26,000 shares following this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steik Jason Paul
Role
Chief Clinical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 26,000 | $33.30 | $866K |
Holdings After Transaction:
Stock Option (right to buy) — 26,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Pennant Group (PNTG) report for Jason Paul Steik?
Pennant Group reported that Chief Clinical Officer Jason Paul Steik received a grant of 26,000 stock options. The options relate to common stock and were awarded as a compensation grant, not an open-market purchase, according to the Form 4 filing and its transaction code description.
What is the exercise price of the new Pennant Group (PNTG) stock options?
The granted stock options have an exercise price of $33.30 per share. This means Steik must pay $33.30 for each share if he exercises the options, according to the Form 4 disclosure for the 26,000-option award.
How do the Pennant Group (PNTG) options granted to Jason Steik vest?
The 26,000 stock options granted to Jason Steik vest in five equal annual installments. Vesting begins on March 5, 2027, as stated in the footnote, meaning one-fifth of the options becomes exercisable each year over the five-year schedule.
Is the Pennant Group (PNTG) Form 4 transaction an insider purchase or a grant?
The transaction is a grant of stock options, not an open-market purchase. The Form 4 uses transaction code “A” and describes it as a grant, award, or other acquisition, classifying it as compensation-related rather than a discretionary market buy.
How many Pennant Group (PNTG) options does Jason Steik hold after this grant?
Following the reported transaction, Jason Steik holds 26,000 stock options directly. The Form 4 shows total derivative securities following the transaction equal the 26,000 options granted, indicating this award accounts for his reported option position in the filing.