DiGiovanni Jeffrey 4/A
4/A · INNOVATIVE SOLUTIONS & SUPPORT INC · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
Innovative Solutions & Support (ISSC) CFO DiGiovanni Receives Stock Awards
What Happened
Jeffrey DiGiovanni, Chief Financial Officer of Innovative Solutions & Support, was granted equity awards on February 17, 2026. The grant includes 9,455 restricted stock units (RSUs) valued at $19.83 each (total ~$187,493), plus 16,108 performance stock units (PSUs) and 21,307 non‑qualified stock option units reported as derivative awards (both shown at $0 acquisition price). This is an award/grant (code A), not a sale — it reflects compensation/long‑term incentives rather than an open‑market purchase.
Key Details
- Transaction date: February 17, 2026; initial Form 4 was filed Feb 19, 2026 and amended May 1, 2026 to correct PSU count (per footnote F3).
- Reported items:
- 9,455 RSUs @ $19.83 → reported value ~$187,493 (acquired)
- 16,108 PSUs @ $0.00 → derivative (performance‑based)
- 21,307 stock option units @ $0.00 → derivative (non‑qualified option)
- Vesting/conditions:
- RSUs vest 1/4 after one year, then 1/12 quarterly thereafter, subject to continued employment (F1).
- Options vest on the same 1/4 then 1/12 schedule (F2).
- PSUs vest only if specified share‑price targets are reached (F4).
- Shares owned after transaction: not specified in the supplied filing details.
- Filing status: This report is an amendment to the Feb 19, 2026 Form 4 to correct the number of PSUs (F3).
Context
These grants are standard executive compensation and vest over time or upon performance targets; they do not indicate an immediate purchase or sale of shares. For retail investors, purchases are often more directly informative than grants, but awards can matter long term because they align executive pay with stock performance. The amendment corrects previously understated PSU counts — check future Form 4s for vesting and any subsequent exercises or sales.
Insider Transaction Report
- Award
Restricted Stock units
[F1]2026-02-17$19.83/sh+9,455$187,493→ 92,205 total - Award
Non-Qualified Stock Option (Right to Buy)
[F2]2026-02-17+16,108→ 16,108 totalExercise: $19.83Exp: 2036-02-17→ Commer Stock (16,108 underlying) - Award
Performance Stock Units
[F3][F4]2026-02-17+21,307→ 21,307 totalExp: 2036-02-17→ Common Stock (21,307 underlying)
Footnotes (4)
- [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: 1/4th 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.
- [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]The Reporting Person is amending the Form 4 filed on February 19, 2026 to correct the number of performance stock units granted to the Reporting person, which were originally understated due to a clerical error.
- [F4]Each Performance Stock Unit represents a contingent right to receive one share of issuer common stock. The Performance Stock Units vest upon the issuer's common stock achieving specified prices per share.