ZANNINO RICHARD F 4

What Happened
Richard F. Zannino, a director of People Inc (PPLI), reported the conversion/settlement of restricted stock units on June 18, 2026. The filing shows 2,263 shares acquired at $0.00 (derivative exercise/conversion) and a simultaneous disposition of 2,263 shares at $0.00 (also reported as a derivative transaction). No cash consideration is shown for these transactions (total reported value $0).

Key Details

• Transaction date: June 18, 2026; Form 4 filed June 23, 2026 (filed after the usual two-business-day window — appears late).
• Reported amounts/prices: 2,263 shares acquired @ $0.00; 2,263 shares disposed @ $0.00 (derivative).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: Filing notes these shares were acquired upon the vesting of RSUs and are part of a multi-year vesting schedule (vests in equal installments on June 18 of 2026, 2027, and 2028).
• Transaction code: M (exercise or conversion of a derivative).

Context
The filing indicates RSU vesting/conversion rather than an open-market buy or sale. It is common for RSU vesting to generate both an acquisition of shares and an immediate withholding/disposition to cover taxes or other obligations; the filing lists the disposition but does not specify the reason. No purchase price or proceeds are reported, so these entries reflect issuance/settlement of awards rather than a cash trade.