ALLISON JAMES D 4

What Happened

• Allison James D, EVP, Finance, CFO & Treasurer of Insperity, recorded the exercise/conversion of 463 derivative units on Feb 17, 2026. The Form 4 shows 463 shares "acquired" at $0.00 and a matching 463-share "disposed" (derivative) entry at $0.00. These reflect three-year performance-based phantom stock units under the company’s Long-Term Incentive Program (LTIP).
• The Compensation Committee certified achievement of the final performance conditions for these awards; the underlying shares will be settled in common stock no later than March 15, 2026. The filing shows no cash exercise price.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (filed within the standard 2-business-day window).
• Reported amounts: 463 shares acquired at $0.00 and 463 shares disposed (derivative) at $0.00. Reported dollar value = $0 (no cash exercise price).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Notable footnotes: F1–F4 confirm these are three-year LTIP phantom stock performance units, certified by the Compensation Committee, vesting upon certification, with final settlement (including dividend-right cash value to be converted to shares) no later than Mar 15, 2026.

Context

• These entries reflect conversion/settlement of performance-based phantom units (contingent rights to receive shares), not an open-market buy or sell. Such transactions are routine executive compensation events and do not directly signal a cash purchase or sale by the insider.
• Dividend-right value related to these units will be settled in shares based on fair market value immediately before final settlement.