COVEY STEPHEN M R 4

What Happened
Stephen M.R. Covey, a director of Pennant Group, was granted 1,900 shares on July 15, 2026. The grant was recorded at $0.00 per share (total reported value $0), reflecting an award/compensation issuance rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-17 (timely filing).
• Transaction type/code: Award/Grant (Code A).
• Shares granted: 1,900; price reported: $0.00; total reported value: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The 1,900 shares vest in three annual installments beginning July 15, 2027.
• No indication of a 10b5-1 plan, tax withholding, or cashless sale in this filing.

Context
This was a compensation award to a director with a multi-year vesting schedule—typical for retention and alignment with long-term performance. Because these were granted shares (not purchases or immediate sales), they are less a signal of near-term insider buying/selling intent and more a standard director compensation action.