Insperity (NSP) COO reports stock grants and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insperity, Inc. President and COO Arthur A. Arizpe reported stock-based compensation activity in Insperity common stock. On March 2 and 3, he acquired multiple stock awards, including grants of 13,200, 570, and 319 shares at no cost, reflecting restricted stock units and dividend-related rights granted under company incentive plans.
On the same dates, shares totaling 2,029 and 282 were withheld to cover tax liabilities tied to these awards, a non–open-market disposition. After these direct transactions, he held about 95,836 shares directly. Separately, 102,558 shares are owned indirectly by S.C.A. Legacy, Ltd., which is controlled by Arizpe Management, LLC; Mr. Arizpe may be deemed to beneficially own those shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
ARIZPE ARTHUR A
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | -- |
| Tax Withholding | Common Stock | 282 | $21.13 | $6K |
| Grant/Award | Common Stock | 13,200 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,029 | $22.21 | $45K |
| Grant/Award | Common Stock | 570 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 96,118 shares (Direct);
Common Stock — 102,558 shares (Indirect, By S.C.A Legacy, Ltd.)
Footnotes (1)
- Award of restricted stock units pursuant to the Insperity, Inc. Incentive Plan, as amended and restated effective May 22, 2023, and as subsequently amended. Units vest in annual increments of one-third beginning on the first anniversary of the award. Each restricted stock unit represents a right to receive one share of Insperity, Inc. common stock ("Common Stock") upon vesting. Payment of tax liability by withholding securities incident to the vesting of a restricted stock unit awards. The number of shares represents the dividend rights that were settled in shares of Common Stock based on the fair market value of the Common Stock on the dividend payable dates. Fractional amounts have been rounded to the nearest whole number. The number of shares represents the cash value of dividend rights that were settled in shares of Common Stock based on the fair market value of the Common Stock on the trading day immediately preceding the settlement date. Payment of tax liability by withholding securities incident to the settlement of the three-year performance period awards that were granted under the Long-Term Incentive Plan, following the recent final certification of the achievement of the performance conditions by the Compensation Committee. 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.
FAQ
What insider transactions did NSP executive Arthur Arizpe report on this Form 4?
Arthur Arizpe reported stock-based compensation activity, including grants of restricted stock units and dividend-related shares, plus share withholdings for tax liabilities. These transactions involved Insperity common stock awards on March 2 and 3 and did not reflect open-market buying or selling.
Are Arthur Arizpe’s NSP transactions open-market purchases or sales?
The reported transactions are stock awards and tax-related withholdings, not open-market trades. Awards were granted at no cost under company incentive plans, while share dispositions were to cover tax liabilities arising from vesting and settlement of restricted stock and performance-based awards.