EISNER MICHAEL D 4

What Happened Michael D. Eisner, a director of People Inc (PPLI), had 2,263 shares issued to him on 2026-06-18 upon exercise/conversion of a derivative (code M). The transaction shows the shares were acquired at $0.00 (vesting of RSUs) and a matching disposition of the derivative instrument, indicating conversion/settlement rather than an open-market buy or sale. This was non-cash compensation from equity awards.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-23 (filed five days after the transaction; outside the typical 2-business-day Form 4 window).
• Transaction type/code: Exercise/conversion of derivative (M).
• Shares acquired: 2,263; Acquisition price: $0.00; cash value reported: $0.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes: F1 — reflects shares of IAC common stock acquired upon RSU vesting; F2 — the RSUs vest in equal installments on June 18 of 2026, 2027 and 2028 subject to continued service.
• No sale or 10b5-1 trading plan indicated in this filing excerpt.

Context RSU vesting (conversion of a derivative) is a common form of non-cash compensation for insiders and typically reflects scheduled award vesting rather than active market trading. Code M here denotes conversion/exercise of the derivative into shares; there is no indication Eisner immediately sold the shares.