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HEALTHCARE SERVICES GROUP INC·4

Feb 26, 4:06 PM ET

SHEA JOHN CHRISTOPHER 4

Research Summary

AI-generated summary

Updated

HCSG EVP John Shea Exercises/Converts Units; 7,227 Shares Withheld

What Happened

  • John Christopher Shea, EVP & Chief Administrative Officer of Healthcare Services Group (HCSG), had equity awards convert/vest into common stock on Feb 24, 2026. The filing shows conversions/acquisitions of 4,416 and 12,618 shares (listed as derivative exercises/conversions at $0.00) and tax-withholding dispositions of 1,874 and 5,353 shares at $21.40 each (total tax withholding proceeds ≈ $154,658). The net increase in Shea’s shares from these entries is 5,391 shares (12,618 converted minus 7,227 withheld).
  • One additional line in the filing shows 4,416 derivative shares marked as disposed at $0.00 (reported as a derivative disposition). The primary economic effect reported: award conversions/vesting with shares withheld to satisfy tax obligations (not an open-market sale or purchase).

Key Details

  • Transaction date: Feb 24, 2026; Form 4 filed Feb 26, 2026 (timely — within the two-business-day window).
  • Conversion/issue prices: $0.00 for the converted awards (these were awarded/vested shares, not option strike payments); withholding executed at $21.40/share.
  • Withheld shares for taxes: 7,227 shares total (1,874 + 5,353) for total tax withholding ≈ $154,658.
  • Net new shares retained by insider from these entries: +5,391 shares.
  • Shares owned after transaction: not provided in the supplied filing data.
  • Relevant footnotes from the filing:
    • F1: Shares withheld to pay taxes.
    • F2: Shares earned/delivered from a performance stock unit award (granted Feb 2023) after certification of performance for period ended Dec 31, 2025; vested upon certification (Feb 24, 2026).
    • F3: Shares issued at 1-for-1 conversion.
    • F4: Some restricted stock units vest 20% annually beginning Feb 24, 2024 (background on original grant vesting schedule).

Context

  • This was not an open-market buy or sale; it reflects award conversions/vesting and standard tax-withholding (a common, routine insider event). Because the shares were issued/converted at $0.00, there was no cash exercise price paid — these were vested/earned shares rather than a paid stock option exercise.
  • No indication of a 10% owner transaction or a 10b5-1 plan; no gifts reported. The filing appears timely.