Bernhard Jason 4

What Happened Jason Bernhard, a director of Acadia Healthcare Company, Inc. (ACHC), was granted a total of 11,455 shares on May 6, 2026 in two award line items (6,331 and 5,124 shares). The shares were reported at $0.00 per share (awarded as compensation rather than purchased). These awards reflect his election to receive his 2026 annual cash retainer in stock.

Key Details

• Transaction date: May 6, 2026; Form filed: May 8, 2026.
• Transaction type: Award/Grant (code A); 6,331 shares and 5,124 shares; total 11,455 shares; price reported $0.00.
• Vesting: Shares will vest in equal annual installments over 3 years beginning May 6, 2027 (footnote F1).
• Reason: Reflects director’s election to receive the 2026 cash retainer in shares (footnote F2).
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Filing timing: Reported two days after the grants (appears within the typical 2-business-day reporting window).

Context These awards are director compensation (not an open-market purchase), so they are routine and reflect pay choice rather than a direct buy/sell signal. The grants vest over time, meaning the shares are subject to future service-based vesting and are not immediately liquid unless other plan terms apply.