Hancock Mark 4

What Happened

• Mark Hancock, reported as a 10% owner of PACS Group, was granted 98,154 restricted stock units (RSUs) on March 24, 2026. The award is recorded as an acquisition at $0.00 (typical for equity awards); no cash changed hands at grant.
• Each RSU converts into one share of common stock upon vesting. The RSUs will vest in substantially equal annual installments on the first, second and third anniversaries of March 24, 2026, subject to Hancock’s continued service through each vesting date.

Key Details

• Transaction date: 2026-03-24; filing date (Form 4): 2026-03-26 (filed within two business days).
• Award type/code: A (Grant/Award) — 98,154 RSUs @ $0.00.
• Vesting: Equal annual installments on 3 consecutive anniversaries beginning 3/24/2026 (per footnote F1).
• Shares owned after the transaction: Not specified in the provided filing.
• Notable: Reporting person is a 10% owner (significant holder); this is an equity award, not an open-market purchase or sale.

Context

• RSU grants are a form of compensation/ownership award that convert to shares only as they vest; they do not represent immediately tradable shares unless vested and issued.
• Because this is an award (not a sale), it’s not a bearish signal; it’s a grant of future potential ownership contingent on continued service.