Panos Michael 4

What Happened
Panos Michael, Executive Vice President and Chief Commercial Officer of Insulet Corp (PODD), received compensation awards on 2026-04-01 consisting of 2,777 restricted stock units (RSUs) and 7,255 non-qualified stock options. Both awards were granted at a reported $0.00 acquisition price (award grants), i.e., they are compensation grants rather than cash purchases or sales.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
• Grant amounts: 2,777 RSUs (award) and 7,255 options (derivative award). Reported price for both entries: $0.00 (award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: RSUs vest in substantially equal installments on each of the first, second and third anniversaries and convert one-for-one into common shares upon settlement.
  • F2: Non-qualified stock options vest in substantially equal installments on each of the first, second, third and fourth anniversaries of the grant date.
• Transaction code: A (award/grant). No indication of exercise, sale, or tax withholding in the provided data.

Context
These awards are standard equity compensation and do not represent an open-market purchase or sale. The options are a derivative award that will become exercisable over a multi-year vesting schedule; there is no indication the options were exercised or that any shares were sold. RSUs convert to shares upon vesting/settlement. Such grants are common for executive compensation and, by themselves, are not a direct signal of buying or selling intent.