Cheney Kirk Sterling 4

What Happened Cheney Kirk Sterling, EVP, General Counsel and Corporate Secretary of Pennant Group (PNTG), received two equity awards in early March 2026. On March 3, 2026 she was granted 4,085 shares at $0.00 that vested immediately. On March 5, 2026 she was granted 30,000 derivative shares at $33.30 each (transaction reported as “A”), a value of roughly $999,000 based on the grant price; these are subject to a multi-year vesting schedule. These are compensatory awards (not open-market purchases or sales).

Key Details

• Transaction dates/prices: 3/3/2026 — 4,085 shares @ $0.00 (vested immediately, F1); 3/5/2026 — 30,000 shares @ $33.30 (derivative award, F2).
• Reported value: 30,000 × $33.30 = $999,000 (approx.) as shown in the filing; the 4,085 shares were reported at $0.00.
• Shares owned after transaction: Not specified in the details provided in this summary / filing excerpt.
• Footnotes: F1 — 4,085 shares vest immediately on March 3, 2026. F2 — 30,000 shares vest in five equal annual installments beginning March 5, 2027.
• Filing timeliness: The Form 4 was filed late due to an inadvertent administrative error (filing marked late).

Context These awards are company compensation (grants) rather than market purchases or sales. The 30,000-share award is a derivative/vested-over-time award (e.g., restricted stock/RSUs or similar) and will become exercisable/vested in installments over five years, so it is not immediately liquid. A late filing is noted in the Form 4 remarks; such administrative delays are required to be disclosed but do not by themselves indicate trading intent.