Form 4: Insight Enterprises Director Girish Rishi Reports Stock Unit Vesting
SEC Form 4
Director Girish Rishi reports the vesting of restricted stock units into common stock held indirectly through a trust.
Summary
- Girish Rishi, a director at Insight Enterprises Inc. (NSIT), reported transactions related to the vesting of restricted stock units.
- The transactions occurred between May 17, 2024, and May 19, 2024.
- These restricted stock units converted into common stock, held indirectly through a trust.
- The director acquired 405, 513, and 411 shares of common stock on May 17, 2024, May 18, 2024, and May 19, 2024, respectively, as a result of the vesting of restricted stock units.
- Following these transactions, the total amount of common stock beneficially owned indirectly by the director through the trust is 11,112 shares.
Sentiment
Score: 5
Explanation: This is a neutral report on insider transactions, specifically the vesting of restricted stock units. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, specifically the vesting of restricted stock units. Such filings are common and provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| May 17, 2023 | Restricted stock units granted, vesting in three equal annual installments beginning May 17, 2024 (405 shares). |
| May 18, 2022 | Restricted stock units granted, vesting in three equal annual installments beginning May 18, 2023 (513 shares). |
| May 19, 2021 | Restricted stock units granted, vesting in three equal annual installments beginning May 19, 2022 (411 shares). |
| May 17, 2024 | Vesting of 405 restricted stock units into common stock. |
| May 18, 2024 | Vesting of 513 restricted stock units into common stock. |
| May 19, 2024 | Vesting of 411 restricted stock units into common stock. |
| May 21, 2024 | Date of Form 4 filing. |
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