Theodore WAHL - Dec 31, 2023 Form 4 Insider Report for HEALTHCARE SERVICES GROUP INC (HCSG)

Role
President & CEO, Director
Signature
/s/ Michael Harrity, by Power of Attorney
Stock symbol
HCSG
Transactions as of
Dec 31, 2023
Transactions value $
$1,692,503
Form type
4
Date filed
1/8/2024, 05:16 PM
Previous filing
Feb 28, 2023
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCSG Common Stock Award $18.4K +2.08K +0.66% $8.81 318K Dec 31, 2023 Direct F1
transaction HCSG Common Stock Options Exercise $0 +8.5K +2.67% $0.00 326K Jan 4, 2024 Direct
transaction HCSG Common Stock Options Exercise $0 +15.5K +4.76% $0.00 342K Jan 3, 2024 Direct
transaction HCSG Common Stock Options Exercise $0 +10K +2.93% $0.00 352K Jan 4, 2024 Direct
transaction HCSG Common Stock Options Exercise $0 +16.3K +4.63% $0.00 368K Jan 4, 2024 Direct
transaction HCSG Common Stock Tax liability $0 -16.7K -4.52% $0.00 352K Jan 4, 2024 Direct F2

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 $50.4K +4.86K +16.75% $10.37 33.9K Dec 31, 2023 Common Stock 4.86K Direct F3, F4, F5
transaction HCSG Restricted Stock Units Options Exercise $0 -8.5K -100% $0.00* 0 Jan 4, 2024 Common Stock 8.5K Direct F3, F6
transaction HCSG Restricted Stock Units Options Exercise $0 -15.5K -50% $0.00 15.5K Jan 3, 2024 Common Stock 15.5K Direct F3, F7
transaction HCSG Restricted Stock Units Options Exercise $0 -10K -33.34% $0.00 20K Jan 4, 2024 Common Stock 10K Direct F3, F8
transaction HCSG Restricted Stock Units Options Exercise $0 -16.3K -25% $0.00 48.9K Jan 4, 2024 Common Stock 16.3K Direct F3, F9
transaction HCSG Stock Option (right to buy) Award $1.62M +157K $10.36 157K Jan 3, 2024 Common Stock 157K $10.36 Direct F10
transaction HCSG Restricted Stock Units Award $0 +153K $0.00 153K Jan 3, 2024 Common Stock 153K Direct F3, F11
* 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 Total direct and indirect beneficial ownership by reporting person is 837,359.
F3 Shares issued at the conversion rate of 1-for-1.
F4 Shares of Phantom Stock are payable in-kind following termination of the Reporting Person's employment with Issuer.
F5 Acquired pursuant to an Issuer contribution under the Healthcare Services Group, Inc. Deferred Compensation Plan.
F6 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 4, 2019 grant date.
F7 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 3, 2020 grant date.
F8 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 4, 2021 grant date.
F9 These Restricted Stock Units vest at the rate of 20% annually, commencing on the first anniversary of the January 4, 2022 grant date.
F10 These Options shall become exercisable at the rate of 20% annually, commencing on the first anniversary of the January 3, 2024 grant date.
F11 These Restricted Stock Units shall vest at the rate of 20% annually, commencing on the first anniversary of the January 3, 2024 grant date.