People Inc director exercises 2,263 RSUs
Lourd Bryan, a director of People Inc, reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Lourd Bryan, a director of People Inc, reported routine equity compensation activity. On June 18, 2026, restricted stock units converted into 2,263 shares of People Inc common stock, increasing his directly held common shares to 203,898.
The filing also shows 4,528 restricted stock units outstanding after the transaction. According to the disclosure, these RSUs vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service, so additional shares may be delivered over that period as awards vest.
Insider Trade Summary
2,263 shares exercised/converted
Exercise
2 txns
Insider
Lourd Bryan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,263 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.0001 | 2,263 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,528 contracts (Direct);
Common Stock, par value $0.0001 — 203,898 shares (Direct)
Footnotes (2)
- F1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs").
- F2. Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service.
Key Figures
Shares acquired via RSU conversion: 2,263 shares
Common shares held after transaction: 203,898 shares
RSUs remaining after transaction: 4,528 units
+2 more
5 metrics
Shares acquired via RSU conversion
2,263 shares
Common stock delivered on June 18, 2026 from RSU vesting
Common shares held after transaction
203,898 shares
Direct holdings of People Inc common stock after June 18, 2026
RSUs remaining after transaction
4,528 units
Unvested restricted stock units outstanding following June 18, 2026
Vesting schedule
Three equal installments
RSUs vest on June 18 of 2026, 2027, and 2028, subject to continued service
Transaction code
M
Exercise or conversion of derivative security on June 18, 2026
Key Terms
Restricted Stock Units, derivative security, vest, Common Stock, par value $0.0001
4 terms
Restricted Stock Units financial
"Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest financial
"Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock, par value $0.0001 financial
"security_title: Common Stock, par value $0.0001"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Lourd Bryan report for IAC (People Inc)?
Lourd Bryan reported the vesting of restricted stock units converting into 2,263 shares of People Inc common stock. This was an equity award settlement, not an open-market purchase or sale, and reflects routine director compensation rather than discretionary trading activity.
How many restricted stock units remain for Lourd Bryan at People Inc?
The filing shows 4,528 restricted stock units remaining after the transaction. These RSUs are scheduled to vest in equal installments on June 18 of 2026, 2027, and 2028, assuming Bryan continues to provide service to the company during that period.
Is Lourd Bryan’s June 18, 2026 transaction in IAC stock a buy or sell?
The June 18, 2026 activity is classified as an exercise or conversion of a derivative security, not a market buy or sell. Restricted stock units vested and delivered 2,263 common shares as compensation, with no open-market purchase or sale reported in this Form 4.
What does transaction code "M" mean in Lourd Bryan’s IAC Form 4?
Transaction code "M" indicates exercise or conversion of a derivative security. In this case, it reflects restricted stock units converting into 2,263 People Inc common shares on June 18, 2026, as part of Bryan’s equity compensation, rather than a standard stock trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
