Insperity (NSP) finance SVP receives stock awards, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insperity, Inc. senior vice president of finance Sean Patrick Duffy reported equity award activity in company stock. He acquired 11,200 shares of common stock through a grant of restricted stock units that vest in three equal annual installments beginning one year after the award date.
Duffy also had 151 shares of common stock credited based on dividend rights that were settled in shares at the applicable dividend dates. To cover related tax liabilities upon vesting of restricted stock unit awards, 659 shares were disposed of at a price of $22.21 per share through share withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Duffy Sean Patrick
Role
SVP, Finance & Accounting(PAO)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,200 | $0.00 | -- |
| Tax Withholding | Common Stock | 659 | $22.21 | $15K |
| Grant/Award | Common Stock | 151 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 23,180 shares (Direct)
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.
FAQ
What insider transactions did Insperity (NSP) report for Sean Patrick Duffy?
Insperity reported that executive Sean Patrick Duffy received stock awards and had shares withheld for taxes. He acquired 11,200 shares via restricted stock units and 151 dividend-related shares, while 659 shares were withheld to satisfy tax obligations tied to vesting.
Were Sean Patrick Duffy’s Insperity (NSP) stock moves open-market buys or sells?
The reported Insperity transactions were equity awards and tax withholding, not open-market trades. Duffy received restricted stock units and dividend-related shares, and 659 shares were withheld at $22.21 each solely to pay taxes on vesting of prior awards.
How do Sean Patrick Duffy’s restricted stock units in Insperity (NSP) vest?
Duffy’s restricted stock units under the Insperity Incentive Plan vest in three equal annual installments. Vesting begins on the first anniversary of the award date, and each vested unit converts into one share of Insperity common stock, subject to applicable tax withholding.