Harrison David Benjamin 4
Research Summary
AI-generated summary
Intapp (INTA) President Harrison Benjamin Withholds 10,204 Shares
What Happened
- Harrison David Benjamin, President, Industries at Intapp, reported awards and conversions of equity tied to performance share units and RSUs that vested, and had shares withheld to cover taxes. The filing shows awards/grants on Feb 19, 2026 and conversions/exercises on Feb 20, 2026.
- Key numbers: awards/grants of 22,393 and 90,000 shares were reported; 4,639 shares were converted/exercised (2,890 + 1,749) into common stock at $0.00 per share; and 10,204 shares were disposed/withheld to satisfy tax withholding at $22.16 per share, generating $226,121.
Key Details
- Transaction dates: awards reported 2026-02-19; exercises/conversions and tax withholding executed 2026-02-20; Form 4 filed 2026-02-20 (timely).
- Prices and value: conversions/exercises reported at $0.00 (typical for RSU/PSU vest-to-share events); 10,204 shares withheld at $22.16 each for $226,121 total.
- Shares owned after transaction: Not disclosed in this filing.
- Relevant footnotes: awards include performance share units certified by the audit committee (F1) and RSU grants/vests (F2, F4–F8). Footnote F3 explains shares were withheld to cover taxes.
- Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = tax withholding (disposition).
- Filing timeliness: Reported and filed promptly (no late filing indicated).
Context
- This was not an open-market sale for cash: the "disposal" of 10,204 shares reflects share withholding to satisfy tax obligations on vested awards (a common, routine administrative step), while Benjamin also received/converted vested equity into common shares.
- For retail investors: the filing shows insider acquisition of shares through vesting/conversion, partially offset by tax-withholding. Such administrative withholdings are routine and do not necessarily indicate a change in the insider’s view of the company.