People Inc director acquires shares via RSUs
People Inc director Alan G. Spoon acquired 2,263 shares of common stock through the vesting of restricted stock units at no cash cost per share.
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Form Type
4
Rhea-AI Filing Summary
People Inc director Alan G. Spoon acquired 2,263 shares of common stock through the vesting of restricted stock units at no cash cost per share. Following this compensation-related transaction, he holds 277,411 common shares directly and 15,000 shares indirectly through a Family LLC. He also has 4,528 restricted stock units outstanding, which are scheduled to vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service.
Insider Trade Summary
2,263 shares exercised/converted
Exercise
3 txns
Insider
SPOON ALAN G
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 |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,528 contracts (Direct);
Common Stock, par value $0.0001 — 277,411 shares (Direct);
Common Stock, par value $0.001 — 15,000 shares (Indirect, By Family LLC)
Footnotes (3)
- F1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs").
- F2. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3. 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 vesting: 2,263 shares
Direct common shares after transaction: 277,411 shares
Indirect common shares via Family LLC: 15,000 shares
+3 more
6 metrics
Shares acquired via RSU vesting
2,263 shares
Common stock received from restricted stock units on June 18, 2026
Direct common shares after transaction
277,411 shares
Common stock held directly following the Form 4 transactions
Indirect common shares via Family LLC
15,000 shares
Common stock held indirectly through a Family LLC
Remaining restricted stock units
4,528 RSUs
RSUs outstanding after the vesting event
RSU vesting schedule
3 equal installments
Vesting on June 18, 2026, 2027, and 2028, subject to continued service
Exercise price of vested RSUs
$0.0000 per share
Stated transaction price for 2,263 acquired common shares
Key Terms
Restricted Stock Units, beneficial ownership, Family LLC, pecuniary interest, +1 more
5 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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Family LLC financial
"total_shares_following_transaction 15000.0000, direct_or_indirect I, nature_of_ownership By Family LLC"
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
Exercise or conversion of derivative security financial
"transaction_code_description Exercise or conversion of derivative security"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Alan G. Spoon report for People Inc (PPLI)?
Alan G. Spoon reported the vesting of restricted stock units, acquiring 2,263 shares of People Inc common stock at no cash cost, as part of his equity compensation rather than an open-market purchase or sale.
What restricted stock units does Alan G. Spoon still have at People Inc?
Alan G. Spoon retains 4,528 restricted stock units in People Inc. These units represent a right to receive the same number of common shares in the future, subject to their scheduled vesting and his continued service with the company.
When will Alan G. Spoon’s remaining People Inc RSUs vest?
The remaining 4,528 restricted stock units are scheduled to vest in three equal installments on June 18, 2026, June 18, 2027, and June 18, 2028, provided Alan G. Spoon continues his service with People Inc through each vesting date.
Was the People Inc Form 4 transaction an open-market buy or sale?
No, the Form 4 shows an exercise or conversion of restricted stock units, not an open-market buy or sale. The 2,263 shares were acquired at a stated price of $0.0000 per share as part of his equity compensation package.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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