Paul J. Sarvadi - Feb 22, 2022 Form 4 Insider Report for INSPERITY, INC. (NSP)

Role: Chairman of the Board & CEO, Director
Signature: /s/ Christian P. Callens, by Power of Attorney
Stock symbol: NSP
Transactions as of: Feb 22, 2022
Transactions value $: -$472,553
Form type: 4
Date filed: 3/2/2022, 06:26 PM
Previous filing: Nov 15, 2021
Next filing: Mar 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSP	Common Stock	Tax liability	-$164K	-1.82K	-0.28%	$90.47	642K	Feb 28, 2022	Direct	F1
transaction	NSP	Common Stock	Award	$0	+23.3K	+3.63%	$0.00	666K	Feb 28, 2022	Direct	F2
transaction	NSP	Common Stock	Award	$0	+583	+0.09%	$0.00	666K	Mar 1, 2022	Direct	F3
transaction	NSP	Common Stock	Tax liability	-$308K	-3.43K	-0.51%	$89.95	663K	Mar 1, 2022	Direct	F4
holding	NSP	Common Stock						980K	Feb 22, 2022	By Self, As General Partner of Our Ship Limited Partnership, Ltd.

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	+11.5K	+47.78%	$0.00	35.7K	Feb 22, 2022	Common Stock	11.5K		Direct	F5, F6, F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Payment of tax liability by withholding securities incident to the vesting of a restricted stock award.
F2	Award of restricted stock units pursuant to the Insperity, Inc. 2012 Incentive Plan, as amended and restated. Units vest in annual increments of one-third beginning on the first anniversary of the award. Each restricted stock unit represents a right to receive one share of Insperity, Inc. common stock ("Common Stock") upon vesting.
F3	The number of shares represents the cash value of dividend rights that were settled in shares of Common Stock based on the fair market value of the common stock on the dividend payable dates.
F4	Payment of tax liability by withholding securities incident to the vesting of a restricted stock unit award.
F5	Each phantom stock performance unit represents a contingent right to receive one share of Common Stock pursuant to the terms of the LTIP under the Insperity, Inc. 2012 Incentive Plan based on a three-year performance period award cycle.
F6	These three-year performance period awards were granted in 2021. The Compensation Committee certified the achievement of the performance conditions related to 2021 performance on this date.
F7	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.
F8	These phantom stock performance units vest at the end of the three-year award cycle period for LTIP awards following certification in accordance with the LTIP of the achievement of all performance goals for the performance periods applicable to such award.