ZANNINO RICHARD F 4

What Happened

• Richard F. Zannino, a director of People Inc (PPLI), reported the conversion/vesting of 2,076 derivative awards into common shares on June 11, 2026. The conversion is recorded as an exercise/conversion of a derivative (code M) at $0.00 per share (total $0).
• The Form 4 also shows a simultaneous disposition entry for the same 2,076 shares at $0.00. The filing’s footnote states the shares were acquired upon the vesting of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (reported within the required filing window).
• Transaction type and code: Exercise/conversion of derivative (M); acquisition and matching disposition both at $0.00 for 2,076 shares.
• Footnote F1: Shares were acquired upon RSU vesting. Footnote F2: These RSUs vest in equal installments on June 11, 2025, 2026 and 2027, subject to continued service.
• Shares owned after the transaction: Not specified in the provided filing.
• No late-filing flag was indicated in the provided data.

Context

• This was not an open-market purchase or sale but the conversion/vesting of RSUs into shares (a common form of executive/director compensation). Such vesting events are routine and reflect compensation becoming payable rather than a market-driven trade.
• The filing records both acquisition and a matching disposition of the same shares; the provided filing notes the vesting but does not explain the reason for the disposition entry.