Gochnour John J 4/A

What Happened John J. Gochnour, Chief Operating Officer of Pennant Group (PNTG), was reported as receiving equity awards in early March 2026. On March 3, 2026 he was listed as acquiring 11,214 shares at $0.00 that vested immediately. On March 5, 2026 he was granted 41,000 derivative shares valued at $33.30 each (total reported value $1,365,300); those 41,000 shares are subject to multi‑year vesting. These are awards/grants (not open‑market purchases or sales).

Key Details

• Transaction dates and terms:
  • 2026-03-03: 11,214 shares acquired at $0.00; vest immediately (Footnote F1).
  • 2026-03-05: 41,000 shares acquired at $33.30 each; total reported value $1,365,300; classified as derivative award (Footnote F3).
• Vesting: 41,000 shares vest in five equal annual installments beginning March 5, 2027 (F3).
• Beneficial ownership correction: this is an amended Form 4 filed to correct the amount of securities beneficially owned as of the transaction date (F2).
• Timeliness: The filing was submitted late; the Form 4 states the delay was due to an inadvertent administrative error (remarks).
• Total newly reported shares acquired: 52,214 shares (11,214 immediate + 41,000 subject to vesting). The amended filing corrects beneficial‑ownership figures but does not specify a post‑transaction total in the summary provided.

Context

• These entries are award/grant transactions (code A) — not sales or open‑market buys — so they represent compensation/retention awards rather than immediate insider buying or selling.
• The 41,000‑share item is recorded as a derivative award with staged vesting (common for restricted stock units or similar equity compensation), meaning economic ownership/transferability is limited until vesting occurs.
• Because the Form 4 was amended and filed late (administrative error), investors should note the timing correction but not infer trading intent from the delay.