SARVADI PAUL J 4

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.