Director at People Inc (PPLI) gains 1,609 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
People Inc director Bonnie S. Hammer acquired 1,609 shares of common stock on June 15, 2026 through the vesting of restricted stock units, an exercise of a derivative security rather than an open-market trade. Following this RSU vesting, she directly holds 38,406 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,609 shares exercised/converted
Mixed
2 txns
Insider
Hammer Bonnie S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,609 | $0.00 | -- |
| Exercise | Common Stock, par value $0.0001 | 1,609 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock, par value $0.0001 — 38,406 shares (Direct, null)
Footnotes (1)
- Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs"). Represents RSUs that vest in equal installments on each of June 15, 2024, 2025, and 2026 subject to continued service.
Key Figures
Shares acquired via RSU vesting: 1,609 shares
Post-transaction holdings: 38,406 shares
RSU exercise price: $0.0000 per unit
+2 more
5 metrics
Shares acquired via RSU vesting
1,609 shares
Common Stock acquired on June 15, 2026
Post-transaction holdings
38,406 shares
Common Stock held directly after June 15, 2026
RSU exercise price
$0.0000 per unit
Conversion or exercise price for RSUs
Derivative exercise count
1 transaction
Exercise or conversion of derivative security
Derivative shares exercised
1,609 units
Restricted Stock Units converted into common shares
Key Terms
Restricted Stock Units, derivative security, vest, Common Stock, par value $0.0001
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest financial
"Represents RSUs that vest in equal installments on each of June 15, 2024, 2025, and 2026"
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.
Common Stock, par value $0.0001 financial
"security_title: "Common Stock, par value $0.0001""
FAQ
What insider transaction did People Inc (PPLI) report for Bonnie S. Hammer?
People Inc reported that director Bonnie S. Hammer acquired 1,609 shares of common stock on June 15, 2026 through the vesting of restricted stock units. This reflects an exercise of a derivative security rather than an open-market purchase or sale.
How did the restricted stock units for People Inc (PPLI) vest for Bonnie S. Hammer?
The footnotes state that the RSUs vest in equal installments on June 15, 2024, 2025, and 2026, subject to continued service. The June 15, 2026 transaction reflects shares of common stock acquired upon the vesting of these RSUs.