Eisner exercises 2,263 RSUs at People Inc
Director Michael D. Eisner of People Inc reported a routine equity award vesting.
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Form Type
4
Rhea-AI Filing Summary
Director Michael D. Eisner of People Inc reported a routine equity award vesting. On June 18, 2026, restricted stock units converted into 2,263 shares of common stock at $0.0000 per share, reflecting compensation rather than an open-market purchase.
After this exercise, he directly holds 178,453 shares of common stock and 4,528 remaining RSUs. He also indirectly holds 40,555 shares through a trust where he serves as trustee. The remaining RSUs 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
EISNER MICHAEL D
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 $0.0001 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,528 contracts (Direct);
Common Stock, par value $0.0001 — 178,453 shares (Direct);
Common Stock, par value $0.0001 — 40,555 shares (Indirect, Through a trust, of which the reporting person is trustee)
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
RSUs exercised: 2,263 shares
Exercise price: $0.0000 per share
Direct common shares after: 178,453 shares
+3 more
6 metrics
RSUs exercised
2,263 shares
Restricted stock units converted to common stock on June 18, 2026
Exercise price
$0.0000 per share
Price for RSUs converting into common stock
Direct common shares after
178,453 shares
Common stock directly owned following transactions
Indirect trust holdings
40,555 shares
Common stock held through a trust where Eisner is trustee
Remaining RSUs
4,528 units
Restricted stock units outstanding after the reported exercise
RSU vesting schedule
3 equal installments
Vesting on June 18 of 2026, 2027, and 2028
Key Terms
Restricted Stock Units, derivative security, trustee
3 terms
Restricted Stock Units financial
"Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs")."
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
"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.
trustee financial
"Through a trust, of which the reporting person is trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Michael D. Eisner report for People Inc (IAC)?
Michael D. Eisner reported the vesting and exercise of restricted stock units into 2,263 shares of People Inc common stock at a price of $0.0000 per share. This reflects equity compensation, not an open-market stock purchase or sale.
Was Michael D. Eisner’s People Inc (IAC) transaction a market buy or sell?
The transaction was not a market buy or sell. Restricted stock units converted into 2,263 common shares at $0.0000 per share, reflecting an exercise of equity awards as compensation rather than an open-market purchase or disposal of existing shares.
What are the vesting terms of Michael D. Eisner’s remaining People Inc (IAC) RSUs?
His remaining 4,528 restricted stock units vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service. Each vesting date delivers additional People Inc common shares if he continues meeting service conditions.
What does the $0.0000 price on Michael D. Eisner’s People Inc (IAC) Form 4 mean?
The $0.0000 price indicates the RSUs converted to common shares without cash payment, consistent with typical restricted stock unit vesting. It shows the shares were received as part of equity compensation, not bought on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
