Walbom Lynette 4

What Happened

• Lynette Walbom, Chief Financial Officer of Pennant Group (PNTG), was granted a total of 48,292 shares reported on a Form 4. On March 3, 2026 she acquired 14,292 shares (reported at $0.00) that vested immediately. On March 5, 2026 she was granted a derivative award of 34,000 shares at a reported value of $33.30 per share (total reported value $1,132,200).

Key Details

• Transaction types: two awards/grants (Form 4 code A).
• Dates and values:
  • 2026-03-03: 14,292 shares @ $0.00 (immediate vest) — reported acquisition.
  • 2026-03-05: 34,000 shares @ $33.30 (derivative award) — reported acquisition, $1,132,200 total value.
• Shares owned after transaction: Not reported on this filing.
• Vesting notes: F1 — the 14,292 shares vested immediately on March 3, 2026. F2 — the 34,000-share derivative award vests in five equal annual installments beginning March 5, 2027.
• Filing timeliness: The Form 4 was filed late due to an inadvertent administrative error (transactionTimeliness = L), which reduces short-term transparency but does not change the disclosed transactions.

Context

• The $0.00 listing for the March 3 award typically indicates shares were granted/vested without a cash purchase by the insider. The 34,000-share item is a derivative-style award (e.g., RSUs or similar) with a multi-year vesting schedule — not an immediate sale or market purchase. These are grants/compensation-related transactions, not open-market purchases or sales.