Insperity (NSP) COO Arthur Arizpe exercises 961 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insperity, Inc. President and COO Arthur A. Arizpe reported the exercise and conversion of 961 phantom stock performance units into an equivalent number of shares of Insperity common stock at a price of $0.00 per share. These units are part of three-year performance awards granted in 2023, for which the compensation committee has certified that the final performance conditions were achieved. Following this transaction, Arizpe directly holds 84,058 shares of common stock and 3,387 phantom stock performance units, and is also reported as indirectly beneficially owning 102,558 shares held by S.C.A. Legacy, Ltd., which is controlled by Arizpe Management, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
961 shares exercised/converted
Mixed
3 txns
Insider
ARIZPE ARTHUR A
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock Performance Units (Stock Settled) | 961 | $0.00 | -- |
| Exercise | Common Stock | 961 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Performance Units (Stock Settled) — 3,387 shares (Direct);
Common Stock — 84,058 shares (Direct);
Common Stock — 102,558 shares (Indirect, By S.C.A Legacy, Ltd.)
Footnotes (1)
- On this date, the Compensation Committee certified the achievement of the final performance conditions for these three-year performance period awards granted in 2023. These shares of Insperity, Inc. common stock ("Common Stock") will be settled no later than March 15, 2026. The number of shares does not include additional shares related to the cash value of dividend rights that will be settled in shares of Common Stock. The value of these dividend rights will be based on the fair market value of the Common Stock on the trading day immediately preceding the final settlement date following the certification of the final performance conditions. These shares are owned directly by S.C.A. Legacy, Ltd., which is controlled by Arizpe Management, LLC. Mr. Arizpe, by virtue of his position as Manager of Arizpe Management, may be deemed to beneficially own these shares. Each phantom stock performance unit represents a contingent right to receive one share of Common Stock pursuant to the terms of the Long-Term Incentive Program (the "LTIP") awards issued under the Insperity, Inc. 2012 Incentive Plan based on a three-year performance period award cycle. These phantom stock performance units vest at the end of the three-year award cycle period following certification in accordance with the LTIP of the achievement of all performance goals for the performance periods applicable to such award.
FAQ
What insider transaction did NSP executive Arthur Arizpe report on this Form 4?
Arthur A. Arizpe reported exercising and converting 961 phantom stock performance units into 961 shares of Insperity common stock at $0.00 per share, reflecting the settlement of long-term performance-based incentive awards granted under the company’s 2012 Incentive Plan.
What are the phantom stock performance units mentioned in the NSP Form 4?
Each phantom stock performance unit represents a contingent right to receive one share of Insperity common stock. The units are granted under the Long-Term Incentive Program, based on a three-year performance period and vest after performance goals are certified as achieved.
When were the performance conditions for Arthur Arizpe’s NSP awards certified?
The compensation committee certified achievement of the final performance conditions for these three-year performance period awards on February 17, 2026. The resulting Insperity common shares are scheduled to be settled no later than March 15, 2026, following that certification.