Cleminson Ian 4
Research Summary
AI-generated summary
Innospec (IOSP) CFO Ian Cleminson Receives 2,380-Share Award
What Happened
- Ian Cleminson, EVP & Chief Financial Officer of Innospec Inc. (IOSP), was reported to have acquired 2,380 shares on February 16, 2026. The Form 4 lists the transaction as an award/acquisition (code A) with an acquisition price of $0.00. According to the filing footnote, these shares were issued upon settlement of a performance-based restricted stock unit (RSU) grant made on February 27, 2023.
Key Details
- Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (timely filing).
- Reported acquisition: 2,380 shares at $0.00 (typical reporting for vested RSUs; market value not stated on the Form 4).
- Footnote: Shares settled from a performance-based RSU award granted Feb 27, 2023 (Footnote F1).
- Shares owned after the transaction: not provided in the excerpt of the filing.
Context
- This was not an open-market purchase or sale but the settlement of previously granted performance RSUs—common executive compensation rather than a direct market trade. Such awards reflect prior compensation grants vesting per performance/vesting criteria and do not necessarily signal the insider’s current market view.