secwatch.observer — SEC 8-K summary
======================================

Issuer:     INSPERITY, INC. (NSP)
CIK:        0001000753
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001000753-25-000032
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Insperity grants special performance-based stock units to CEO and COO with stock price targets up to $225 per share
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000753/000100075325000032/0001000753-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000753/000100075325000032/nsp-20250630.htm
  HTML page:      https://secwatch.observer/filing/0001000753-25-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer