Jergensen Joshua 4
Research Summary
AI-generated summary
PACS Group COO Joshua Jergensen Withholds 197,525 Shares
What Happened
- Joshua Jergensen, President & COO of PACS Group, had 197,525 shares disposed (withheld) on April 15, 2026 to cover tax liability related to previously granted restricted stock units. The per-share value reported was $33.14, for a total value of approximately $6,545,979.
- This was a tax-withholding disposition (routine), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-04-15; Filing date: 2026-04-17 (appears timely).
- Price per share: $33.14; Shares withheld/disposed: 197,525; Implied value: ~$6,545,979.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote: F1 — withholding of securities to satisfy tax liability upon vesting of previously reported restricted stock units.
- Transaction code: F (payment of tax liability through withholding).
Context
- Withholding shares to cover taxes on vested RSUs is a common administrative action and does not represent an open-market sale decision by the insider. It typically reflects tax reporting and payroll mechanics rather than a change in confidence about the company.