Grant Laura K 4
Research Summary
AI-generated summary
Healthcare Services Group (HCSG) Director Laura K. Grant Receives Award
What Happened
- Laura K. Grant, a director of Healthcare Services Group, acquired 405 shares (recorded as Deferred Stock Units, DSUs) on 2026-03-31 at $18.55 per share, a total value of $7,513. This was an award/acquisition (code A) converting director fees into fully vested DSUs rather than a cash payment.
Key Details
- Transaction date and price: 2026-03-31 at $18.55 per share for 405 shares (total $7,513).
- Shares owned after transaction: a total of 16,039 DSUs (13,233 vested DSUs and 2,806 unvested DSUs, per footnote).
- Footnotes: Grant elected in 2025 to receive fully vested DSUs in lieu of cash board fees; the number was calculated by dividing fees by the issuer's closing stock price and rounding up. DSUs will be settled in common stock 90 days after separation from the Board; further deferral may be elected under Code Section 409A.
- Filing timeliness: Report filed 2026-04-02 covering the 2026-03-31 transaction; no late-filing indication on the form.
Context
- This was not an open-market purchase or sale but a routine conversion of director compensation into equity (DSUs). Such awards reflect compensation choices and are not direct market-driven purchases by the insider. Settlement occurs upon separation from service unless further deferred.