Director at Insight Enterprises (NSIT) converts 405 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insight Enterprises Inc director Richard E. Allen, through a trust, exercised restricted stock units into common stock. The transaction converted 405 restricted stock units into 405 shares of Common Stock, with no open-market buying or selling reported.
After this derivative exercise, the trust’s indirect holdings of Insight Enterprises common stock increased to 27,300 shares. The RSUs were originally granted on May 17, 2023 and were scheduled to vest in three equal annual installments beginning May 17, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
405 shares exercised/converted
Mixed
2 txns
Insider
ALLEN RICHARD E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 405 | $0.00 | -- |
| Exercise | Common Stock | 405 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Indirect, By Trust);
Common Stock — 27,300 shares (Indirect, By Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Common Stock of Insight Enterprises, Inc. The restricted stock units were granted on May 17, 2023 with vesting to occur in three equal annual installments beginning May 17, 2024.
Key Figures
RSUs exercised: 405 units
Common shares received: 405 shares
Indirect holdings after transaction: 27,300 shares
+3 more
6 metrics
RSUs exercised
405 units
Restricted Stock Units converted into common stock on May 17, 2026
Common shares received
405 shares
Common Stock acquired via RSU exercise, indirect by trust
Indirect holdings after transaction
27,300 shares
Common Stock held indirectly by trust following the exercise
Transaction price per share
$0.0000
Reported price per share for the non-derivative acquisition entry
Grant date of RSUs
May 17, 2023
Original grant date for the restricted stock units
Vesting schedule
3 equal annual installments
RSUs vesting beginning May 17, 2024
Key Terms
Restricted Stock Units, derivative security, indirect, contingent right
4 terms
Restricted Stock Units financial
"The restricted stock units were granted on May 17, 2023 with vesting to occur in three equal annual installments"
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.
indirect financial
"ownership_type: indirect, nature_of_ownership: By Trust"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock"
FAQ
What insider transaction did Richard E. Allen report for NSIT?
Richard E. Allen reported exercising 405 restricted stock units into 405 shares of Insight Enterprises common stock. The transaction reflects a derivative exercise, not an open-market purchase or sale, and was recorded as an indirect holding through a trust.
What type of security did the NSIT director exercise in this Form 4?
The director exercised restricted stock units, a form of equity compensation. Each restricted stock unit represented a contingent right to receive one share of Insight Enterprises common stock, and 405 units were converted into 405 common shares in this transaction.
When were the restricted stock units in this NSIT Form 4 originally granted and how did they vest?
The restricted stock units were granted on May 17, 2023, with vesting in three equal annual installments beginning May 17, 2024. The current exercise of 405 units reflects part of this scheduled vesting structure for the director’s equity compensation.
How many derivative securities remain for the NSIT director after this Form 4 exercise?
No remaining derivative securities are shown in this filing’s derivative summary. After the exercise and conversion of 405 restricted stock units into common stock, the derivative position associated with this particular award appears fully settled in the reported data.