Company: NSP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001000753-25-000013
Chunk: 76

Company: INSPERITY, INC.
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 76
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826,729 |     |     |   |
| Shares of common stock (C)                                      |     | 37,624,833 |     |     |   |
| Dilution1                                                       |     |            |     | 5.7 | % |

______________________________________

1 Dilution is calculated as (A) + (B) / (A) + (B) +(C)

#### Insperity552025 Proxy Statement
If the Amendment is approved, the proposed increase in the number of shares reserved for issuance would increase dilution to approximately 7.2%.

Our three-year average burn rate was 1.8% for fiscal year 2022 through fiscal year 2024 and our one-year burn rate for fiscal 2024 was 1.9%. We define burn rate as the total number of full value shares granted to participants over one fiscal year expressed as a percent of the fully diluted weighted average common shares outstanding. We average our burn rate over three fiscal years to determine our three-year average burn rate. We believe our historical burn rates are reasonable for a company of our size in our industry.

#### Summary of Sound Governance Features
Our Board and Compensation Committee believe the Plan, as amended, contains several features that are consistent with the interests of stockholders and sound corporate governance practices, including the following:

| a |     | No “Evergreen” Provision. The number of shares of our common stock available for issuance under the Plan is fixed and will not adjust based upon the number of shares outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| a |     | Prohibition of Discounted Options and Stock Appreciation Rights. The Plan prohibits granting options and stock appreciation rights with exercise prices lower than the fair market value of a share on the grant date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| a |     | No Repricing or Exchange of Options or Stock Appreciation Rights Without Stockholder Approval. Options and stock appreciation rights issued under the Plan will not be repriced, replaced or regranted through cancellation, by decreasing the exercise price of a previously granted award or by exchanging the previously granted award for a cash buyout or settlement.                                                                                                                                                                                                                                                                                                                    |
| a |     | Minimum Vesting for Equity Awards. Equity awards are generally subject to a minimum one-year vesting requirement, subject to limited exceptions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| a |     | Prohibition of Reload Options. The Plan provides that options will not be granted under the Plan in consideration for and will not be conditioned upon the delivery of shares to the