ALLEN RICHARD E 4
Research Summary
AI-generated summary
Insight Enterprises (NSIT) Director Richard E. Allen Receives 405 Shares
What Happened
- Richard E. Allen, a director of Insight Enterprises, acquired 405 shares on May 17, 2026 through conversion/exercise of a derivative award (reported as an M transaction). The filing shows an exercise/conversion price of $0.00, so no cash was paid for these shares. The Form 4 lists the acquisition in both the “Acquired” and “Derivative” sections for the same 405-share amount.
Key Details
- Transaction date: 2026-05-17; Report filed: 2026-05-19 (timely within the typical 2-business-day window).
- Price: $0.00 per share (conversion/vesting of award), total cash outlay reported: $0.
- Shares acquired: 405 shares (filing shows a single 405-share acquisition; the duplicate line appears to reflect derivative conversion reporting).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 notes each restricted stock unit (RSU) represents a contingent right to one share. F2 states these RSUs were granted May 17, 2023 and vest in three equal annual installments beginning May 17, 2024 — this appears to be a scheduled vesting installment from that grant.
- No tax-withholding, 10b5-1 plan, or late filing flags are indicated in the provided details.
Context
- This was a conversion/vesting of RSUs (compensation/award), not an open-market purchase or sale. Such vested awards are routine compensation and do not necessarily signal new insider buying or selling intent. No immediate sale was reported in this filing.