Director at Insperity (NSP) granted 6,201 RSUs, now holds 20,321 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INSPERITY, INC. director John L. Lumelleau reported an annual equity compensation grant of 6,201 shares of common stock in the form of restricted stock units at a price of $0.00 per share. After this award, he holds 20,321 shares directly and 5,500 shares indirectly through the Loretta F. Lumelleau Revocable Trust.
The footnote explains this is an annual award under the Insperity Directors Compensation Plan. The units vest on the earlier of the first anniversary of the award or the next annual meeting of stockholders that occurs at least fifty weeks after the prior year’s annual meeting. Each restricted stock unit converts into one share of Insperity common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lumelleau John L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,201 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,321 shares (Direct, null);
Common Stock — 5,500 shares (Indirect, By Loretta F. Lumelleau Revocable Trust)
Footnotes (1)
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Key Figures
RSU grant size: 6,201 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 20,321 shares
+1 more
4 metrics
RSU grant size
6,201 shares
Annual restricted stock unit award to director
Grant price per share
$0.00 per share
Equity compensation grant price
Direct holdings after grant
20,321 shares
Common stock directly owned after transaction
Indirect holdings via trust
5,500 shares
Common stock held by Loretta F. Lumelleau Revocable Trust
Key Terms
restricted stock units, Insperity, Inc. Directors Compensation Plan, vest, annual meeting of the Company's stockholders
4 terms
restricted stock units financial
"Annual award of restricted stock units pursuant to the Insperity, Inc. Directors Compensation Plan"
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.
Insperity, Inc. Directors Compensation Plan financial
"pursuant to the Insperity, Inc. Directors Compensation Plan, as amended and restated effective January 1, 2025"
vest financial
"Units vest on the earlier of the first anniversary of the award or the date of the next annual meeting"
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.
annual meeting of the Company's stockholders financial
"or the date of the next annual meeting of the Company's stockholders which is at least fifty weeks after"
FAQ
What insider transaction did Insperity (NSP) director John L. Lumelleau report?
John L. Lumelleau reported receiving an annual equity award of 6,201 restricted stock units at $0.00 per share. This grant is part of the Insperity Directors Compensation Plan and represents compensation, not an open-market stock purchase or sale.
What are the vesting terms of the 6,201 restricted stock units at Insperity (NSP)?
The 6,201 restricted stock units vest on the earlier of the first anniversary of the award or the next annual stockholders’ meeting that occurs at least fifty weeks after the prior year’s meeting. Each vested unit delivers one share of Insperity common stock.
Is John L. Lumelleau’s Insperity (NSP) Form 4 transaction an open-market buy or sell?
The Form 4 reports a grant of restricted stock units as compensation, not an open-market buy or sell. The transaction code is "A," indicating a grant or award, with a price of $0.00 per share, and no sale of shares is disclosed.
What plan governs the restricted stock unit award reported by Insperity (NSP)?
The award is made under the Insperity, Inc. Directors Compensation Plan, as amended and restated effective January 1, 2025, and subsequently amended. This plan outlines how directors receive equity compensation, including the vesting schedule for restricted stock units.