Law Alan Siems 4
4 · Park Dental Partners, Inc. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Park Dental Partners (PARK) Chief Clinical Officer Alan Siems Receives Award
What Happened
Alan Siems, listed as a Director and noted as Chief Clinical Officer - Specialty Practices, received a grant of 7,796 restricted stock units (RSUs) on June 15, 2026. The RSUs were granted for no cash consideration (value recorded as $0 on the Form 4) and are derivative awards that convert to common shares upon vesting.
Key Details
- Transaction date: 2026-06-15; Filing date: 2026-06-22. (Filing occurred 7 days after the transaction.)
- Award type: Restricted Stock Units (derivative award), 7,796 RSUs; reported price $0.00 (granted for no cash consideration).
- Vesting: 25% of the RSUs vest on each of the first four anniversaries of the grant date, subject to continued service and the award agreement (see footnotes F1–F2).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 explains each RSU equals a contingent right to one share upon vesting; F3 confirms no cash was paid for the grant.
Context
RSU grants are common as compensation and are not immediate purchases or sales — they represent potential future stock if the executive remains with the company and vesting conditions are met. The June 22 filing date is later than the typical two-business-day Form 4 deadline for reporting insider transactions, which investors may note but should consider in context (the filing itself discloses the award and vesting schedule).
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-06-15+7,796→ 7,796 totalExercise: $0.00→ Common Stock (7,796 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Park Dental Partners, Inc. Common Stock upon vesting.
- [F2]The restricted stock units vest 25% on each of the first four anniversaries of the grant date, subject to the Reporting Person's continued service through each applicable vesting date and the terms of the applicable award agreement.
- [F3]The restricted stock units were granted for no cash consideration.