Patrick J. Orr - 31 Dec 2023 Form 4 Insider Report for HEALTHCARE SERVICES GROUP INC (HCSG)

Role
EVP & Chief Revenue Officer
Signature
/s/ Michael Harrity, by Power of Attorney
Issuer symbol
HCSG
Transactions as of
31 Dec 2023
Net transactions value
+$360,702
Form type
4
Filing time
08 Jan 2024, 17:17:50 UTC
Previous filing
28 Feb 2023
Next filing
27 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCSG Common Stock Award $18,351 +2,083 +15% $8.81 16,438 31 Dec 2023 Direct F1
transaction HCSG Common Stock Award $0 +770 +4.7% $0.000000 17,208 04 Jan 2024 Direct
transaction HCSG Common Stock Options Exercise $0 +1,289 +7.5% $0.000000 18,497 03 Jan 2024 Direct
transaction HCSG Common Stock Options Exercise $0 +1,498 +8.1% $0.000000 19,995 04 Jan 2024 Direct
transaction HCSG Common Stock Options Exercise $0 +2,364 +12% $0.000000 22,359 04 Jan 2024 Direct
transaction HCSG Common Stock Tax liability $0 -2,305 -10% $0.000000 20,054 04 Jan 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HCSG Phantom Stock Award $25,977 +2,505 +54% $10.37 7,157 31 Dec 2023 Common Stock 2,505 Direct F2, F3, F4
transaction HCSG Restricted Stock Units Options Exercise $0 -770 -100% $0.000000* 0 04 Jan 2024 Common Stock 770 Direct F2, F5
transaction HCSG Restricted Stock Units Options Exercise $0 -1,289 -50% $0.000000 1,289 03 Jan 2024 Common Stock 1,289 Direct F2, F6
transaction HCSG Restricted Stock Units Options Exercise $0 -1,498 -33% $0.000000 2,996 04 Jan 2024 Common Stock 1,498 Direct F2, F7
transaction HCSG Restricted Stock Units Options Exercise $0 -2,364 -25% $0.000000 7,090 04 Jan 2024 Common Stock 2,364 Direct F2, F8
transaction HCSG Restricted Stock Units Award $0 +29,851 $0.000000 29,851 03 Jan 2024 Common Stock 29,851 Direct F2, F9
transaction HCSG Stock Option (right to buy) Award $316,374 +30,538 $10.36 30,538 03 Jan 2024 Common Stock 30,538 $10.36 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Acquired by the Reporting Person through participation in the Healthcare Services Group, Inc. Employee Stock Purchase Plan.
F2 Shares issued at the conversion rate of 1-for-1.
F3 Shares of Phantom Stock are payable in-kind following termination of the Reporting Person's employment with Issuer.
F4 Acquired pursuant to an Issuer contribution under the Healthcare Services Group, Inc. Deferred Compensation Plan.
F5 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 4, 2019 grant date.
F6 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 3, 2020 grant date.
F7 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 4, 2021 grant date.
F8 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 4, 2022 grant date.
F9 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 3, 2024 grant date.
F10 These Options shall vest and become exercisable at the rate of 20% annually, commencing on the first anniversary of the January 3, 2024 grant date.