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People Inc (PPLI) grants director Alan G Spoon 5,490 RSUs vesting through 2029

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SPOON ALAN G reported acquisition or exercise transactions in this Form 4 filing.

People Inc director Alan G Spoon received a grant of 5,490 Restricted Stock Units on July 16, 2026. Each RSU represents a right to receive one share of People Inc common stock and vests in equal installments on July 16 of 2027, 2028, and 2029, subject to continued service.

Positive

  • None.

Negative

  • None.
Insider SPOON ALAN G
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2 5,490 $0.00 --
Holdings After Transaction: Restricted Stock Units — 5,490 shares (Direct)
Footnotes (2)
  1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock.
  2. F2. Represents RSUs that vest in equal installments on each of July 16, 2027, 2028, and 2029 subject to continued service.
RSUs granted 5,490 units Restricted Stock Units granted to director Alan G Spoon on 2026-07-16
Price per RSU $0.0000 per share Grant price per underlying share for the RSU award
Shares following transaction 5,490 shares Underlying People Inc common shares reported as directly owned after the grant
Vesting dates July 16, 2027; 2028; 2029 RSUs vest in equal installments on these dates, subject to continued service
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive"
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.
contingent right financial
"represents a contingent right to receive one share of Issuer common"
continued service financial
"vest in equal installments on each of July 16, 2027, 2028, and 2029 subject to continued service"

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FAQ

What insider transaction did People Inc (PPLI) report for director Alan G Spoon?
Alan G Spoon reported receiving 5,490 Restricted Stock Units of People Inc on July 16, 2026. These RSUs are a grant that convert into an equal number of common shares if vesting conditions based on his continued service are satisfied over three future vesting dates.

How many RSUs were granted to Alan G Spoon at People Inc (PPLI) and what do they represent?
People Inc granted Alan G Spoon 5,490 Restricted Stock Units. Each RSU represents a contingent right to receive one share of People Inc common stock, meaning shares are delivered only if the vesting schedule and continued service requirements are met.

What is the vesting schedule for the 5,490 People Inc (PPLI) RSUs granted to Alan G Spoon?
The 5,490 RSUs vest in three equal installments on July 16 of 2027, 2028, and 2029. Vesting is expressly subject to continued service, so Spoon must remain in qualifying service through each vesting date to receive the corresponding shares.

How many People Inc (PPLI) shares does Alan G Spoon report owning after this RSU grant?
Following this grant, Alan G Spoon reports 5,490 underlying shares associated with the Restricted Stock Units as directly owned. These represent shares of People Inc common stock that may be delivered as the RSUs vest over the 2027–2029 period.

Was Alan G Spoon’s People Inc (PPLI) RSU grant made under a Rule 10b5-1 trading plan?
The report indicates the transaction was not made under a Rule 10b5-1 trading plan. The specific checkbox for Rule 10b5-1 plans is marked false, meaning this equity grant was not executed pursuant to a pre-arranged trading arrangement.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SPOON ALAN G
(Last)(First)(Middle)
C/O NORTHSTAR ADVISORS - SARAH MCBRIDE
55 OLD BEDFORD ROAD, SUITE 208
(Street)
LINCOLN MASSACHUSETTS 01773
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
People Inc [ PPLI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/16/2026A5,490 (2) (2)Common Stock, par value $0.00015,490$05,490D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock.
2. Represents RSUs that vest in equal installments on each of July 16, 2027, 2028, and 2029 subject to continued service.
Remarks:
/s/ Kendall Handler as Attorney-In-Fact for Alan Spoon07/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR