Insperity (NSP) director Philip Wilmington receives 6,201-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INSPERITY, INC. director Philip W. Wilmington received an equity compensation grant of 6,201 shares of common stock in the form of restricted stock units. The award was made at no cash cost to him and increased his direct holdings to 10,712 shares.
According to the directors compensation plan, these restricted stock units vest on the earlier of the first anniversary of the award or the date of the next annual meeting of stockholders that occurs at least fifty weeks after the prior year’s meeting. Each unit converts into one share of Insperity common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WILMINGTON PHILIP W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,201 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,712 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 6,201 shares
Post-transaction holdings: 10,712 shares
Grant price per share: $0.00 per share
3 metrics
RSU grant size
6,201 shares
Annual restricted stock unit award to director
Post-transaction holdings
10,712 shares
Common stock directly owned after grant
Grant price per share
$0.00 per share
Equity compensation, no cash paid by director
Key Terms
restricted stock units, Directors Compensation Plan, vesting, restricted stock unit
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.
Directors Compensation Plan financial
"pursuant to the Insperity, Inc. Directors Compensation Plan, as amended and restated"
vesting financial
"Units vest on the earlier of the first anniversary of the award or the date of the next annual meeting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
restricted stock unit financial
"Each restricted stock unit represents a right to receive one share of Insperity, Inc. common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
FAQ
What insider transaction did Insperity (NSP) report for Philip W. Wilmington?
Insperity reported that director Philip W. Wilmington received a grant of 6,201 restricted stock units of common stock as annual equity compensation, bringing his direct holdings to 10,712 shares after the award, according to the company’s directors compensation plan.
Was the Philip W. Wilmington Insperity (NSP) Form 4 a stock purchase or a grant?
The Form 4 for Insperity director Philip W. Wilmington shows a grant or award acquisition, not an open-market purchase. He received 6,201 restricted stock units at a reported price of $0.00 per share as part of the directors compensation program.
When do Philip W. Wilmington’s Insperity (NSP) restricted stock units vest?
The restricted stock units vest on the earlier of the first anniversary of the award or the date of the next annual meeting of Insperity stockholders that occurs at least fifty weeks after the prior year’s meeting, as described in the directors compensation plan.
What does each Insperity (NSP) restricted stock unit granted to Philip W. Wilmington represent?
Each restricted stock unit granted to Philip W. Wilmington represents the right to receive one share of Insperity common stock upon vesting, meaning the 6,201 units will convert into an equal number of common shares once the vesting conditions are satisfied.