Singh Prem 4
Research Summary
AI-generated summary
Insulet SVP Prem Singh Receives RSUs and Option Grant; 138 Shares Withheld
What Happened
- Prem Singh, Senior Vice President, Global Operations at Insulet Corp (PODD), received equity awards: 2,140 restricted stock units (RSUs) and a separate grant of 5,570 stock options on 2026-02-24. These awards were reported as acquisitions (grants) on the Form 4.
- Following RSU vesting, 138 shares were withheld to cover tax obligations on 2026-02-25 at $248.12 per share, a withholding value of $34,241. The grants themselves are awards (not open-market purchases or sales).
Key Details
- Transaction dates: Grants dated 2026-02-24; tax-withholding occurred 2026-02-25.
- Reported grant amounts: 2,140 RSUs (award), 5,570 options (derivative award). Withholding: 138 shares disposed at $248.12 each = $34,241.
- Footnotes:
- F1: RSUs vest in roughly equal installments on each of the first, second and third anniversaries (settled one-for-one as shares).
- F2: The 138-share transaction is share-withholding to cover taxes upon RSU vesting.
- F3: Options vest in roughly equal installments over four years (non-qualified stock options).
- Shares owned after the transactions: not specified in the filing.
- Filing timeliness: Period ended 2026-02-24 and the Form 4 was filed 2026-02-26 — not indicated as late.
Context
- These transactions are standard equity compensation events: RSU and option grants are awards (not purchases), and withholding of shares to cover taxes is a routine administrative step that doesn't necessarily signal a buy or sell decision by the insider.
- For the option grant (derivative award): options will vest over time per F3; no option exercise or open-market sale was reported in this filing.