Insulet director granted 151 deferred stock units
Insulet Corp director Robert Luther Huffines reported an amended grant of 151 deferred common stock units received in lieu of cash fees under the company’s Deferred Compensation Plan for Non-Employee Directors.
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Rhea-AI Filing Summary
Insulet Corp director Robert Luther Huffines reported an amended grant of 151 deferred common stock units received in lieu of cash fees under the company’s Deferred Compensation Plan for Non-Employee Directors. These Deferred Units convert into common stock on a one-for-one basis upon distribution.
The amendment corrects an administrative error in the original Form 4, revising the award to 151 units at a price of $152.25 per unit, instead of 144 units at $159.79. Following this adjustment, Huffines holds 2,449 shares directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 151 | $152.25 | $23K |
Footnotes (2)
- F1. These are deferred common stock units ("Deferred Units") received in lieu of cash compensation pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors. The Deferred Units will be converted into shares of Company common stock on a one-for-one basis upon distribution, with the value of any fractional shares paid in cash. Distribution of shares of common stock occurs, at the election of the director, either in a lump sum or in substantially equal annual installments pursuant to the Company's Deferred Compensation Plan for Non-Employee Directors.
- F2. Due to an administrative error, the wrong price per share was used to calculate the number of Deferred Units reported in the original Form 4. Accordingly, this amendment is being filed to correct the number of Deferred Units acquired (151 rather than 144 as originally reported) and the price per Deferred Unit ($152.25 rather than $159.79 as originally reported).
Key Figures
Key Terms
deferred common stock units financial
Deferred Units financial
Deferred Compensation Plan for Non-Employee Directors financial
FAQ
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What insider transaction did Insulet (PODD) director Robert Huffines report?
Why was this Insulet (PODD) Form 4/A filing necessary?
How do Insulet (PODD) deferred common stock units work for directors?
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