leadership
confidence high
sentiment positive
materiality 0.75
Insperity grants special performance-based stock units to CEO and COO with stock price targets up to $225 per share
INSPERITY, INC.
- CEO Paul Sarvadi granted up to 400,000 PSUs; COO A. Steve Arizpe up to 100,000 PSUs, vesting over 5 years.
- PSUs vest only if 30-day avg stock price hits thresholds from $105 (10% vest) to $225 (100% vest); grant date price $62.06.
- Award tied to retention and execution of Workday joint venture; no retirement provisions, forfeiture on voluntary quit or cause.
- Clawback policy applies; no adjustment for cash dividends; maximum target represents ~3.6x grant date stock price.
- Compensation Committee worked with FW Cook over 5 months to design the award, citing need for continuity during transformation.