Cheney Kirk Sterling 4/A
4/A · Pennant Group, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Pennant Group (PNTG) EVP Cheney Sterling Receives Stock Award
What Happened
Cheney Kirk Sterling, EVP, General Counsel and Corporate Secretary of Pennant Group (PNTG), was granted equity awards in early March 2026. On March 3, 2026 she acquired 2,874 shares that vest immediately (reported acquisition price $0.00). On March 5, 2026 she received a 30,000-share award reported at $33.30 per share (derivative award) with a grant-date value of approximately $999,000; those shares vest in five equal annual installments beginning March 5, 2027. This Form 4 is an amended filing.
Key Details
- Transaction types: A (award/grant); one immediate vesting award and one time‑based derivative award.
- Dates & prices: 3/3/2026 — 2,874 shares @ $0.00 (vested immediately); 3/5/2026 — 30,000 shares @ $33.30 (grant value ~$999,000).
- Vesting: 2,874 shares vested immediately (F1). 30,000 shares vest in five equal annual installments beginning 3/5/2027 (F3).
- Amendment & ownership: Filing is amended to correct the amount of securities beneficially owned as of the transaction date (F2). The Form 4 was filed late due to an inadvertent administrative error.
- Filing timeliness: Late amendment reported (transactionTimeliness = L).
Context: These were compensation awards (not open‑market purchases or sales). The 2,874 shares are already vested/owned; the 30,000-share grant is time‑vested equity (a derivative award) and will vest over multiple years, so it does not represent immediate sale proceeds or liquidity. The late, amended filing corrects reported ownership but does not change the nature of the awards.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-03+2,874→ 19,794 total - Award
Stock Option (right to buy)
[F3]2026-03-05$33.30/sh+30,000$999,000→ 30,000 totalExercise: $33.30From: 2027-03-05Exp: 2036-03-05→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]These shares vest immediately on March 3, 2026.
- [F2]This amendment is being filed to correct the amount of securities beneficially owned as of the transaction date reported above.
- [F3]These shares vest in five equal annual installments beginning March 5, 2027.