Burger Daniel 4

What Happened

• Daniel Burger, President (INA) of Insight Enterprises, exercised/converted a total of 4,583 restricted stock units (reported as derivative transactions, code M) that vested on February 20, 2026. The RSUs converted to common shares with no exercise price ($0). To satisfy minimum statutory tax withholding, the company withheld 1,449 whole shares (reported as code F) at a per-share value of $85.50, producing tax withholding proceeds of approximately $123,891. No additional open-market sales by the insider were reported beyond the withholding.

Key Details

• Transaction date: February 20, 2026; Form 4 filed February 24, 2026 (timely).
• Exercised/converted (M): 4,583 RSUs → common shares (no cash exercise price).
• Tax withholding (F): 1,449 shares withheld at $85.50 per share; total value ≈ $123,891.
• Shares owned after the reported transactions: not specified in the filing excerpt provided.
• Relevant footnotes: F1 explains shares withheld to satisfy tax withholding; F2–F8 describe that these are restricted stock units (one RSU = one share), that vesting is performance-based and occurs in scheduled installments (grants from 2023–2025 vesting over three years).
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld/used to pay taxes.

Context

• This was effectively a vesting of performance-based RSUs with a cashless result for tax purposes (the company withheld shares rather than the insider selling shares on the open market). Such withholding to cover tax obligations is routine and does not necessarily reflect a bullish or bearish view by the insider.