COVEY STEPHEN M R 4

What Happened Stephen M.R. Covey, a director of Pennant Group, Inc. (PNTG), was granted 1,900 shares on April 15, 2026. The filing reports an acquisition price of $0 (a standard notation for restricted stock awards); total reported cash value at grant = $0. This was an award/grant (not a market purchase or sale).

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (filed timely).
• Transaction type: A = Award/Grant; 1,900 shares acquired at $0.00 per share.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnote: Shares vest in three annual installments beginning April 15, 2027.
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in this filing.

Context This is a restricted stock award to a director, which typically vests over time and is intended as compensation rather than an immediate market bet. Because the reported acquisition price is $0, the grant itself doesn't reflect cash paid by the insider; future vesting could create taxable events and affect ownership once shares vest.