Form 4: Insperity Inc. Chairman and CEO Paul J. Sarvadi Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul J. Sarvadi, Chairman and CEO of Insperity, Inc., reports transactions involving common stock, including tax liability payments and settlement of dividend rights.
Summary
- On February 29, 2024, Paul J. Sarvadi, Chairman and CEO of Insperity, reported changes in his beneficial ownership of Insperity, Inc. common stock.
- He disposed of 18,286 shares to cover tax liabilities related to the settlement of three-year performance period awards under the Long-Term Incentive Plan at a price of $100.29.
- Sarvadi also acquired 3,576 shares representing the cash value of dividend rights settled in Insperity common stock at a price of $0.
- Following these transactions, Sarvadi directly owns 537,435 shares of Insperity common stock and indirectly owns 910,612 shares through Our Ship Limited Partnership, Ltd.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of the reported transactions involving Insperity common stock. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.