SHARP DOUGLAS S 4
4 · INSPERITY, INC. · Filed Feb 22, 2024
Insider Transaction Report
Form 4
SHARP DOUGLAS S
SVP Finance, CFO & Treasurer
Transactions
- Exercise/Conversion
Common Stock
2024-02-20+7,396→ 28,411 total - Exercise/Conversion
Phantom Stock Performance Units (Stock Settled)
2024-02-20−7,396→ 3,730 total→ Common Stock (7,396 underlying) - Award
Phantom Stock Performance Units (Stock Settled)
2024-02-20+2,324→ 10,524 total→ Common Stock (2,324 underlying) - Award
Phantom Stock Performance Units (Stock Settled)
2024-02-20+602→ 11,126 total→ Common Stock (602 underlying)
Footnotes (6)
- [F1]On this date, the Compensation Committee certified the achievement of the final performance conditions for these three-year performance period awards granted in 2021. These shares of Insperity, Inc. common stock ("Common Stock") will be settled as soon as practicable.
- [F2]The number of shares does not include additional shares related to the cash value of dividend rights that will be settled in shares of Common Stock. The value of these dividend rights will be based on the fair market value of the Common Stock on the trading day immediately preceding the final settlement date following the certification of the final performance conditions.
- [F3]Each phantom stock performance unit represents a contingent right to receive one share of Common Stock pursuant to the terms of the Long-Term Incentive Program (the "LTIP") awards issued under the Insperity, Inc. 2012 Incentive Plan based on a three-year performance period award cycle.
- [F4]These three-year performance period awards were granted in 2021. The Compensation Committee certified the achievement of the relative total shareholder return performance of Insperity's Common Stock against the performance of Insperity's 2021 compensation peer group of companies on this date. No further performance periods remain for this grant.
- [F5]These phantom stock performance units vest at the end of the three-year award cycle period following certification in accordance with the LTIP of the achievement of all performance goals for the performance periods applicable to such award.
- [F6]These three-year performance period awards were granted in 2023. The Compensation Committee certified the achievement of the performance conditions related to 2023 performance on this date.