Armstrong Bruce 4
Research Summary
AI-generated summary
NSIT Director Bruce Armstrong Exercises Derivatives, Receives RSU Award
What Happened
- Bruce Armstrong, a director of Insight Enterprises, Inc. (NSIT), on May 13, 2026 converted/ exercised derivatives totaling 964 shares (two M-coded entries of 482 shares each) into common stock at $0.00 per share (no cash paid) and was granted 2,291 restricted stock units (A-coded) also reported that day.
- The transaction shows $0.00 per-share exercise/grant price, so there was no cash outlay reported on the Form 4. The newly granted 2,291 units are restricted stock units (RSUs), not immediately vested shares.
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely filing within the usual two-business-day window).
- Items reported: M = exercise/conversion of derivative (964 shares total, $0.00 per share), A = grant/award of 2,291 RSUs ($0.00 per unit).
- Shares owned after the transaction: not provided in the excerpt supplied.
- Relevant footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs granted May 13, 2025 vest in three equal annual installments beginning May 13, 2026; F3 — RSUs granted May 13, 2026 vest in three equal annual installments beginning May 13, 2027.
Context
- These were acquisitions/awards, not sales — converting vested derivative interests into shares and receiving a new RSU grant. RSUs are subject to vesting schedules and do not necessarily indicate a market-directional bet by the insider until vested shares are sold.
- There is no indication in this filing that shares were immediately sold (no sale or cashless exercise reported).