Hammer Bonnie S 4

What Happened
Bonnie Hammer, a director of People Inc (PPLI), reported the conversion/vesting of 1,609 derivative units into 1,609 common shares on June 15, 2026. Both the acquisition and a simultaneous disposition of 1,609 shares are reported at $0.00 in the Form 4 (Period of Report: 2026-06-15; filed 2026-06-17). The $0.00 price indicates these were not an open-market purchase — they reflect vested awards converting to shares.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (no late-filing flag noted in the document).
• Reported entries: M (exercise/conversion of derivative) — 1,609 shares acquired @ $0.00 and 1,609 shares disposed @ $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: “Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ('RSUs').”
  • F2: RSUs vest in equal installments on June 15, 2024, 2025, and 2026, subject to continued service.
• Note: The filing lists both an acquisition and a disposition of the same shares; the Form 4 does not state the reason for the disposition.

Context
The M transaction code and the $0.00 price point are consistent with RSUs converting into actual shares at vesting rather than a cash purchase. Paired acquisition/disposition lines on Form 4s often reflect conversion of awards and immediate transfers (for example, to satisfy tax withholding or other obligations), but the filing here does not specify any withholding or transfer details. Also note the footnote refers to "IAC common stock," which appears inconsistent with People Inc and may be a clerical error worth verifying in the original filing.