Breard Linda M. 4
Research Summary
AI-generated summary
Insight (NSIT) Director Linda Breard Converts RSUs to 320 Shares
What Happened
- Linda M. Breard, a director of Insight Enterprises, Inc. (NSIT), acquired 320 shares on May 21, 2026 through the exercise/conversion of a derivative (reported with code M). The shares were issued at $0.00 (no cash paid). This reflects vested restricted stock units being converted into common stock rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed after the typical 2-business-day window for Form 4s).
- Transaction type/code: Exercise/conversion of derivative (M).
- Shares acquired: 320 underlying shares from RSU conversion; reported price per share: $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — each restricted stock unit (RSU) equals one share of common stock. F2 — the RSUs were originally granted May 21, 2024 and vest in three equal annual installments beginning May 21, 2025.
- No sale or immediate disposition reported (no cashless exercise or open-market sale disclosed).
Context
- This was a routine RSU vesting/conversion event (derivative-to-stock conversion), not a market buy or sale; such vesting events are typically compensation-related and do not by themselves signal insider trading intent.
- The filing was submitted five days after the transaction date, which is later than the SEC’s usual 2-business-day Form 4 deadline; late filings can reduce transparency for short periods but do not change the economic nature of the transaction.