Harrison David Benjamin 4
Research Summary
AI-generated summary
Intapp (INTA) President David Benjamin Receives Awards, Exercises Shares
What Happened
David Benjamin, President — Industries at Intapp (INTA) — had performance share units (PSUs) and restricted stock units (RSUs) vest and convert into common stock. The filing shows 24,819 shares were acquired through award/derivative conversion (grants certified May 19; conversions on May 20) at a $0 exercise price. To satisfy tax withholding, 9,740 shares were withheld/disposed at $20.50 per share for a total withholding of $199,670. The underlying transactions reflect award vesting and conversion rather than an open-market sale or a cash purchase.
Key Details
- Transaction dates: awards certified May 19, 2026; RSU/PSU conversions and tax withholding on May 20, 2026. Filing date: May 21, 2026 (appears timely).
- Shares acquired (net conversions/settlements): 24,819 shares (8,929 from PSUs + 15,890 from RSU/derivative conversions).
- Shares withheld for taxes: 9,740 shares at $20.50 = $199,670 (reported as a disposition for tax withholding).
- Exercise/conversion price: $0 for the converted awards (these were equity awards vesting into shares).
- Shares owned after transaction: not stated in the provided filing excerpt.
- Notable footnotes: PSUs were certified by the audit committee (F1); RSUs vested/converted and some vesting schedules are noted (F2–F7); F3 confirms shares were withheld to cover taxes.
Context
This filing documents routine vesting/conversion of company equity awards and the related tax withholding (a common net-settlement). The derivatives/“M” entries indicate conversion/exercise of award units into shares; the “F” entry shows shares withheld to cover tax obligations. These actions are not open-market purchases or discretionary sale signals by the insider.