SARVADI PAUL J 4
4 · INSPERITY, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Insperity (NSP) CEO Paul Sarvadi Exercises Performance Units
What Happened
Paul J. Sarvadi, Chairman and CEO of Insperity, Inc., recorded the exercise/conversion of 4,175 derivative performance units on Feb 17, 2026. The Form 4 shows 4,175 shares "Acquired" at $0.00 and a matching 4,175 shares "Disposed" labeled as a derivative — the reported exercise/conversion carries a $0 exercise price (total reported cost $0). Per the filing, these are phantom stock performance units awarded under the company’s LTIP and were certified as achieved by the Compensation Committee.
Key Details
- Transaction date: 2026-02-17 (Form filed 2026-02-19). Filing appears timely.
- Reported amounts: 4,175 shares acquired at $0.00; 4,175 shares listed as disposed (derivative). Total reported cash amount = $0.
- Settlement: Footnote F1 — shares will be settled no later than March 15, 2026 after final settlement procedures.
- Instrument: Phantom stock performance units tied to a three-year LTIP performance period (F3, F4).
- Dividend rights: Additional shares for dividend-equivalent value will be settled in stock based on fair market value at final settlement (F2).
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Transaction code: M = exercise/conversion of derivative (performance unit); the "disposed" entry reflects derivative/settlement accounting, not an open-market sale.
Context
These were awards under the Long-Term Incentive Program that were certified as having met performance goals; the filing documents conversion/settlement mechanics rather than a cash purchase or an open-market sale. For retail investors, such conversions typically reflect compensation vesting rather than an economic decision to buy or sell stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-17+4,175→ 432,176 total - Exercise/Conversion
Phantom Stock Performance Units (Stock Settled)
[F3][F1][F2][F4]2026-02-17−4,175→ 14,219 total→ Common Stock (4,175 underlying)
- 812,912(indirect: By Partnership)
Common Stock
Footnotes (4)
- [F1]On this date, the Compensation Committee certified the achievement of the final performance conditions for these three-year performance period awards granted in 2023. These shares of Insperity, Inc. common stock ("Common Stock") will be settled no later than March 15, 2026.
- [F2]The number of shares does not include additional shares related to the cash value of dividend rights that will be settled in shares of Common Stock. The value of these dividend rights will be based on the fair market value of the Common Stock on the trading day immediately preceding the final settlement date following the certification of the final performance conditions.
- [F3]Each phantom stock performance unit represents a contingent right to receive one share of Common Stock pursuant to the terms of the Long-Term Incentive Program (the "LTIP") awards issued under the Insperity, Inc. 2012 Incentive Plan based on a three-year performance period award cycle.
- [F4]These phantom stock performance units vest at the end of the three-year award cycle period following certification in accordance with the LTIP of the achievement of all performance goals for the performance periods applicable to such award.