Breard Linda M. 4
Research Summary
AI-generated summary
Insight (NSIT) Director Linda Breard Converts 405 RSUs to Shares
What Happened
- Linda M. Breard, a director of Insight Enterprises, converted restricted stock units (RSUs) into 405 shares of Insight common stock on May 17, 2026. The filing shows the shares were acquired with an exercise/conversion price of $0.00, so no cash was paid on conversion.
- The Form 4 lists two related entries for 405 shares (one marked as "Acquired" and one as the derivative conversion), reflecting the RSU-to-share conversion rather than an open-market purchase or sale.
Key Details
- Transaction date: May 17, 2026; Form 4 filed May 19, 2026 (appears timely within the usual two-business-day Form 4 window).
- Price per share: $0.00 (conversion of RSUs); total cash paid shown: $0.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1 — each RSU represents the right to one share; F2 — these RSUs were granted May 17, 2023 and vest in three equal annual installments beginning May 17, 2024 (this appears to be the scheduled vesting installment).
- No indication in the filing that shares were immediately sold, that a 10b5-1 plan was used, or of tax-withholding sell-to-cover activity.
Context
- This was a routine vesting/conversion of previously granted RSUs (derivative conversion) rather than a market buy or sale. No cash exercise price was paid; any taxable income would typically be based on the market value of the shares at vesting (not reported here).
- For retail investors, RSU vesting reflects scheduled compensation-based issuance to insiders and is generally considered administrative rather than a direct bullish or bearish signal about the company's outlook.