James D. Allison - Feb 20, 2024 Form 4 Insider Report for INSPERITY, INC. (NSP)

Role
EVP, Comp Benefits Solns & CPO
Signature
/s/ Christian P. Callens, by Power of Attorney
Stock symbol
NSP
Transactions as of
Feb 20, 2024
Transactions value $
$0
Form type
4
Date filed
2/22/2024, 05:03 PM
Previous filing
Nov 14, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSP Common Stock Options Exercise $0 +5.62K +13.37% $0.00 47.7K Feb 20, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NSP Phantom Stock Performance Units (Stock Settled) Award $0 +1.77K +28.34% $0.00 8K Feb 20, 2024 Common Stock 1.77K Direct F2, F3, F4, F5
transaction NSP Phantom Stock Performance Units (Stock Settled) Award $0 +463 +5.79% $0.00 8.46K Feb 20, 2024 Common Stock 463 Direct F2, F3, F5, F6
transaction NSP Phantom Stock Performance Units (Stock Settled) Options Exercise $0 -5.62K -66.43% $0.00 2.84K Feb 20, 2024 Common Stock 5.62K Direct F1, F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On this date, the Compensation Committee certified the achievement of the final performance conditions for these three-year performance period awards granted in 2021. These shares of Insperity, Inc. common stock ("Common Stock") will be settled as soon as practicable.
F2 The number of shares does not include additional shares related to the cash value of dividend rights that will be settled in shares of Common Stock. The value of these dividend rights will be based on the fair market value of the Common Stock on the trading day immediately preceding the final settlement date following the certification of the final performance conditions.
F3 Each phantom stock performance unit represents a contingent right to receive one share of Common Stock pursuant to the terms of the Long-Term Incentive Program (the "LTIP") awards issued under the Insperity, Inc. 2012 Incentive Plan based on a three-year performance period award cycle.
F4 These three-year performance period awards were granted in 2021. The Compensation Committee certified the achievement of the relative total shareholder return performance of Insperity's Common Stock against the performance of Insperity's 2021 compensation peer group of companies on this date. No further performance periods remain for this grant.
F5 These phantom stock performance units vest at the end of the three-year award cycle period following certification in accordance with the LTIP of the achievement of all performance goals for the performance periods applicable to such award.
F6 These three-year performance period awards were granted in 2023. The Compensation Committee certified the achievement of the performance conditions related to 2023 performance on this date.