Askarpour Shahram 4

4 · INNOVATIVE SOLUTIONS & SUPPORT INC · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

ISSC CEO Shahram Askarpour Receives Stock Awards, Options and PSUs

What Happened

Shahram Askarpour, CEO of Innovative Solutions & Support, received equity awards on 2026-02-17 totaling 74,706 units: 20,171 restricted stock units (RSUs), 34,364 non‑qualified stock options (derivative), and 20,171 performance stock units (PSUs, derivative). All were reported as grants at a $0.00 per-unit price (no cash changed hands). These are compensation awards rather than open-market purchases or sales.

Key Details

Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (timely filing).
Grants and amounts: 20,171 RSUs; 34,364 stock options (derivative); 20,171 PSUs (derivative). Total units = 74,706.
Reported price: $0.00 (standard for grant reporting; not a market purchase).
Shares owned after transaction: not specified in the provided filing excerpt.
Plan and footnotes: Awards granted under the Company’s 2019 Stock‑Based Incentive Compensation Plan.
- RSU vesting (F1): 1/3 on first anniversary, then 1/8th each quarterly anniversary thereafter, subject to continued employment.
- Stock option vesting (F2): 1/4 on first anniversary, then 1/12th each quarterly anniversary thereafter, subject to continued employment. (Strike/exercise price not provided here.)
- PSU vesting (F3): Vests in three equal tranches on each of the first, second and third anniversaries, contingent on specified stock‑price performance targets.
No indication of a 10b5-1 plan, cashless exercise, tax withholding sale, or that the filing was late.

Context

RSUs are rights to receive shares if vesting conditions are met; PSUs only convert to shares if performance targets are achieved; stock options give the holder the right to buy shares at a set strike price (strike not shown in the excerpt). These grants are standard executive compensation and do not represent open‑market buying or selling by the CEO.

Form 4

Period: 2026-02-17

DirectorChief Executive Officer

Transactions

Award
Restricted Stock Units
[F1]
2026-02-17+20,171→ 502,442 total
Award
Non-Qualified Stock Option (Right to Buy)
[F2]
2026-02-17+34,364→ 34,364 total
Exercise: $19.83Exp: 2036-02-17→ Common Stock (34,364 underlying)
Award
Performance Stock Units
[F3]
2026-02-17+20,171→ 20,171 total
Exp: 2036-02-17→ Common Stock (20,171 underlying)

Footnotes (3)

[F1]The RSUs were granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. Each RSU represents the right to receive one share of Common Stock, subject to adjustment as provided in the Award Agreement. The RSUs are scheduled to vest in accordance with the following schedule: 1/3rd on the first anniversary of the grant date and 1/8th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.
[F2]The non-qualified stock option was granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan. The option is scheduled to vest in accordance with the following schedule: 1/4th on the first anniversary of the grant date and 1/12th on each quarterly anniversary of the grant date thereafter, subject to continued employment by the reporting person.
[F3]Each Performance Stock Unit represents a contingent right to receive one share of issuer common stock. The Performance Stock Units vest in equal tranches on each of the first, second and third anniversary of the date of grant, subject to the issuer's common stock achieving specified prices per share.

Signature

/s/ Jeffrey DiGiovanni (attorney-in-fact)|2026-02-19

1 file