Green Robert Douglas 4
Research Summary
AI-generated summary
INSIGHT (NSIT) CDO Robert D. Green Converts RSUs; 416 Shares Withheld
What Happened
Robert D. Green, Chief Digital Officer of Insight Enterprises (NSIT), had restricted stock units (RSUs) convert to common stock on February 20, 2026 and received new RSU awards the same day. A total of 1,417 RSUs were converted (reported as derivative exercises), of which 416 shares were withheld by the company to satisfy tax withholding obligations at $85.50 per share (total value withheld = $35,570). In addition, Green was granted two RSU awards totaling 5,322 RSUs (3,041 and 2,281 RSUs), reported as derivative awards.
Key Details
- Transaction date: February 20, 2026; Form 4 filed February 24, 2026.
- Converted (exercise/conversion of derivative, code M): 1,417 shares at $0 exercise price (these are RSU-to-share conversions).
- Tax withholding (code F): 416 shares withheld at $85.50/share for $35,570 total to cover tax liability.
- New awards (code A): 3,041 RSUs and 2,281 RSUs granted (total 5,322 RSUs; these are derivative awards that vest per grant terms).
- Footnotes of note: F1 — shares were withheld to meet statutory tax withholding; F2 — each RSU equals one contingent share; F10/F3 — vesting schedules differ by grant date (some awards vest beginning Feb 20, 2026 or Feb 20, 2027).
- Shares owned after the transactions are not specified in the provided filing.
Context and what it means for investors
- This appears to be a routine vesting/settlement of RSUs with a common “sell-to-cover” style withholding to meet tax obligations (company withheld whole shares rather than a cash payment). That is typically an administrative/tax transaction rather than an outright open-market sale.
- The filing also reports new RSU awards (5,322 RSUs) that will vest according to their specified schedules; these are future compensation, not immediate purchases.
- Form 4 was filed four days after the transactions (Feb 20 → Feb 24). Form 4s are normally due within two business days of the transaction, so this timing may indicate a delayed filing.
Transaction codes explained: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld to pay taxes; A = award/grant of derivative (RSUs).