SARVADI PAUL J 4
Research Summary
AI-generated summary
Insperity CEO Paul J. Sarvadi Buys 233,000 Shares
What Happened
Paul J. Sarvadi, Chairman of the Board and CEO of Insperity, Inc. (NSP), acquired 233,000 shares in open-market purchases on June 3, 2026. The reported weighted-average price was $34.05 per share for a total reported value of $7,933,650. The filing classifies the transactions as purchases (code P), a direct acquisition of shares rather than an option exercise or award.
Key Details
- Transaction date: 2026-06-03 (reported on Form 4 filed 2026-06-04).
- Price: weighted average $34.05; actual trade prices ranged from $33.51 to $34.45 (see footnote F1).
- Shares acquired: 233,000; total reported value: $7,933,650.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 notes the weighted-average price and that the number of shares at each price is available upon request to the SEC, Insperity, or its stockholders.
- Filing timeliness: filed promptly the next day; no late filing indicated.
- No 10b5-1 plan, gift, tax withholding, or derivative exercise was reported in the filing.
Context
Open-market purchases by executives are often viewed by investors as a positive signal because they increase the insider’s equity stake, but they do not by themselves explain motive. This was a straightforward buy (not an option exercise or award), and the footnote indicates multiple execution prices within the reported range.