People Inc director gains 2,076 shares via RSUs
People Inc director Richard F. Zannino exercised restricted stock units into common stock on June 11, 2026.
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Form Type
4
Rhea-AI Filing Summary
People Inc director Richard F. Zannino exercised restricted stock units into common stock on June 11, 2026. He acquired 2,076 shares of common stock at an exercise price of $0.0000 per share, a routine conversion of equity awards rather than an open‑market trade.
Following the transaction, he directly holds 60,563 shares of common stock and 2,076 restricted stock units. The RSUs are scheduled to vest in equal installments on June 11, 2025, 2026, and 2027, subject to continued service.
Insider Trade Summary
2,076 shares exercised/converted
Exercise
2 txns
Insider
ZANNINO RICHARD F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,076 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.0001 | 2,076 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,076 contracts (Direct);
Common Stock, par value $0.0001 — 60,563 shares (Direct)
Footnotes (2)
- F1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs").
- F2. Represents RSUs that vest in equal installments on each of June 11, 2025, 2026, and 2027, subject to continued service.
Key Figures
RSUs exercised: 2,076 units
Common shares acquired: 2,076 shares
Common shares held after: 60,563 shares
+1 more
4 metrics
RSUs exercised
2,076 units
Restricted Stock Units converted on June 11, 2026
Common shares acquired
2,076 shares
Common Stock received from RSU vesting at $0.0000 per share
Common shares held after
60,563 shares
Direct ownership following June 11, 2026 transaction
RSUs remaining
2,076 units
Restricted Stock Units reported as held after transaction
Key Terms
Restricted Stock Units, derivative security, vest, common stock
4 terms
Restricted Stock Units financial
"Represents RSUs that vest in equal installments on each of June 11, 2025, 2026, and 2027"
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 11, 2025, 2026, and 2027"
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 financial
"Reflects shares of IAC common stock acquired upon the vesting of restricted stock units"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did People Inc (PPLI) report for Richard F. Zannino?
People Inc reported that director Richard F. Zannino exercised restricted stock units into common stock. On June 11, 2026, he converted 2,076 RSUs into 2,076 shares of common stock at an exercise price of $0.0000 per share.
What are Richard F. Zannino’s People Inc (PPLI) holdings after this Form 4 transaction?
After the transaction, Richard F. Zannino directly holds 60,563 shares of People Inc common stock. He also holds 2,076 restricted stock units, which represent a right to receive additional shares as they vest over the stated schedule.
How do Richard F. Zannino’s RSUs at People Inc (PPLI) vest over time?
The restricted stock units vest in three equal installments on June 11, 2025, 2026, and 2027. Vesting remains subject to continued service, meaning he must remain in his role through each vesting date to receive the related shares.
Was the People Inc (PPLI) Form 4 transaction an open‑market buy or sell?
The Form 4 transaction was not an open‑market buy or sell. It is coded as an exercise or conversion of a derivative security, reflecting RSUs vesting into common stock at a stated price of $0.0000 per share, a standard equity compensation event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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