Michael Alexander Smith
Pengajuan SEC Pertama: 9 Juli 2021 · Terbaru: 5 Juni 2026
Orang Dalam di
Transaksi orang dalam
Perubahan harga vs kuotasi saat ini, disesuaikan split untuk aksi korporasi sejak pengajuan — tidak dibenchmark, tidak diannualisasi, tidak dibobot berdasarkan ukuran
| Tanggal | Ticker | Kode | Saham | Harga | Nilai | Dimiliki setelah | Δ milik | A/D | vs sekarang |
|---|---|---|---|---|---|---|---|---|---|
| 22 Juni 2026 | INSM | S 10b5-1 | 1.806 | $95,82 | $173.051 | 37.648 Langsung | -4,58% | Dilepas | 16,0% (harga per 2026-10-02) |
| 3 Juni 2026 | INSM | S | 2.159 | $102,27 | $220.801 | 39.454 Langsung | -5,19% | Dilepas | 8,7% (harga per 2026-10-02) |
| 22 Mei 2026 | INSM | S 10b5-1 | 6.149 | $108,47 | $666.982 | 41.613 Langsung | -12,87% | Dilepas | 2,4% (harga per 2026-10-02) |
| 13 Mei 2026 | INSM | S | 4.109 | $116,18 | $477.384 | 47.762 Langsung | -7,92% | Dilepas | -4,4% (harga per 2026-10-02) |
| 30 Maret 2026 | INSM | M 10b5-1 | 5.649 | $17,07 | $96.428 | 57.520 Langsung | +10,89% | Diakuisisi | 551,0% (harga per 2026-10-02) |
| 30 Maret 2026 | INSM | M 10b5-1 | 13.989 | $27,89 | $390.153 | 71.509 Langsung | +24,32% | Diakuisisi | 298,4% (harga per 2026-10-02) |
| 30 Maret 2026 | INSM | S 10b5-1 | 19.638 | $150,98 | $2.964.945 | 51.871 Langsung | -27,46% | Dilepas | -26,4% (harga per 2026-10-02) |
| 30 Maret 2026 | INSM | M 10b5-1 | 5.649 | · | · | 8.633 Langsung | -39,55% | Dilepas | (harga per 2026-10-02) |
| 30 Maret 2026 | INSM | M 10b5-1 | 13.989 | · | · | 18.561 Langsung | -42,98% | Dilepas | (harga per 2026-10-02) |
| 24 Feb. 2026 | INSM | M 10b5-1 | 20.248 | $17,07 | $345.633 | 76.645 Langsung | +35,90% | Diakuisisi | 551,0% (harga per 2026-10-02) |
| 24 Feb. 2026 | INSM | S 10b5-1 | 4.852 | $153,93 | $746.868 | 71.793 Langsung | -6,33% | Dilepas | -27,8% (harga per 2026-10-02) |
| 24 Feb. 2026 | INSM | S 10b5-1 | 4.151 | $155,06 | $643.654 | 67.642 Langsung | -5,78% | Dilepas | -28,3% (harga per 2026-10-02) |
| 24 Feb. 2026 | INSM | S 10b5-1 | 15.771 | $156,53 | $2.468.635 | 51.871 Langsung | -23,32% | Dilepas | -29,0% (harga per 2026-10-02) |
| 24 Feb. 2026 | INSM | M 10b5-1 | 20.248 | · | · | 14.282 Langsung | -58,64% | Dilepas | (harga per 2026-10-02) |
| 3 Feb. 2026 | INSM | S | 640 | $156,27 | $100.013 | 56.397 Langsung | -1,12% | Dilepas | -28,9% (harga per 2026-10-02) |
| 8 Jan. 2026 | INSM | S | 1.053 | $174,17 | $183.401 | 57.037 Langsung | -1,81% | Dilepas | -36,2% (harga per 2026-10-02) |
| 7 Jan. 2026 | INSM | S | 709 | $175,07 | $124.125 | 58.090 Langsung | -1,21% | Dilepas | -36,5% (harga per 2026-10-02) |
| 6 Jan. 2026 | INSM | S | 1.396 | $173,33 | $241.969 | 58.799 Langsung | -2,32% | Dilepas | -35,9% (harga per 2026-10-02) |
| 2 Jan. 2026 | INSM | A | 5.293 | · | · | 60.195 Langsung | +9,64% | Diakuisisi | (harga per 2026-10-02) |
| 2 Jan. 2026 | INSM | A | 27.600 | · | · | 27.600 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | M 10b5-1 | 27.130 | $23,75 | $644.338 | 82.032 Langsung | +49,42% | Diakuisisi | 367,9% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 1.342 | $181,01 | $242.915 | 80.690 Langsung | -1,64% | Dilepas | -38,6% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 7.619 | $181,88 | $1.385.744 | 73.071 Langsung | -9,44% | Dilepas | -38,9% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 4.286 | $182,60 | $782.624 | 68.785 Langsung | -5,87% | Dilepas | -39,1% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 4.032 | $183,92 | $741.565 | 64.753 Langsung | -5,86% | Dilepas | -39,6% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 3.243 | $184,91 | $599.663 | 61.510 Langsung | -5,01% | Dilepas | -39,9% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 3.636 | $185,93 | $676.041 | 57.874 Langsung | -5,91% | Dilepas | -40,2% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 1.572 | $187,15 | $294.200 | 56.302 Langsung | -2,72% | Dilepas | -40,6% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | S 10b5-1 | 1.400 | $187,97 | $263.158 | 54.902 Langsung | -2,49% | Dilepas | -40,9% (harga per 2026-10-02) |
| 3 Nov. 2025 | INSM | M 10b5-1 | 27.130 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | M 10b5-1 | 12.780 | $30,46 | $389.279 | 79.174 Langsung | +19,25% | Diakuisisi | 264,8% (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | S 10b5-1 | 1.354 | $141,16 | $191.131 | 77.820 Langsung | -1,71% | Dilepas | -21,3% (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | S 10b5-1 | 1.100 | $142,06 | $156.266 | 76.720 Langsung | -1,41% | Dilepas | -21,8% (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | S 10b5-1 | 7.391 | $143,16 | $1.058.096 | 69.329 Langsung | -9,63% | Dilepas | -22,4% (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | S 10b5-1 | 8.300 | $144,16 | $1.196.528 | 61.029 Langsung | -11,97% | Dilepas | -22,9% (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | S 10b5-1 | 4.944 | $145,18 | $717.770 | 56.085 Langsung | -8,10% | Dilepas | -23,5% (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | S 10b5-1 | 1.183 | $145,89 | $172.588 | 54.902 Langsung | -2,11% | Dilepas | -23,8% (harga per 2026-10-02) |
| 2 Sep. 2025 | INSM | M 10b5-1 | 12.780 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 15 Juli 2025 | INSM | S 10b5-1 | 933 | $102,51 | $95.642 | 66.394 Langsung | -1,39% | Dilepas | 8,4% (harga per 2026-10-02) |
| 11 Juli 2025 | INSM | S | 748 | $96,41 | $72.115 | 67.327 Langsung | -1,10% | Dilepas | 15,3% (harga per 2026-10-02) |
| 5 Juni 2025 | INSM | S 10b5-1 | 1.879 | $73,50 | $138.106 | 67.718 Langsung | -2,70% | Dilepas | 51,2% (harga per 2026-10-02) |
| 3 Juni 2025 | INSM | S | 1.448 | $71,50 | $103.532 | 69.597 Langsung | -2,04% | Dilepas | 55,4% (harga per 2026-10-02) |
| 30 Mei 2025 | INSM | S 10b5-1 | 6.327 | $68,56 | $433.779 | 91.045 Langsung | -6,50% | Dilepas | 62,1% (harga per 2026-10-02) |
| 30 Mei 2025 | INSM | S 10b5-1 | 20.000 | $70,00 | $1.400.000 | 71.045 Langsung | -21,97% | Dilepas | 58,7% (harga per 2026-10-02) |
| 15 Mei 2025 | INSM | A | 5.578 | · | · | 97.372 Langsung | +6,08% | Diakuisisi | (harga per 2026-10-02) |
| 15 Mei 2025 | INSM | A | 27.100 | · | · | 27.100 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
| 14 Mei 2025 | INSM | S | 409 | $65,61 | $26.834 | 91.794 Langsung | -0,44% | Dilepas | 69,4% (harga per 2026-10-02) |
| 13 Mei 2025 | INSM | S | 4.407 | $67,81 | $298.839 | 92.203 Langsung | -4,56% | Dilepas | 63,9% (harga per 2026-10-02) |
| 6 Feb. 2025 | INSM | S | 20.650 | $80,90 | $1.670.585 | 96.610 Langsung | -17,61% | Dilepas | 37,4% (harga per 2026-10-02) |
| 5 Feb. 2025 | INSM | A | 47.295 | · | · | 117.260 Langsung | +67,60% | Diakuisisi | (harga per 2026-10-02) |
| 10 Jan. 2025 | INSM | S | 319 | $63,38 | $20.218 | 69.965 Langsung | -0,45% | Dilepas | 75,3% (harga per 2026-10-02) |
| 8 Jan. 2025 | INSM | S | 1.064 | $66,21 | $70.447 | 64.578 Langsung | -1,62% | Dilepas | 67,8% (harga per 2026-10-02) |
| 8 Jan. 2025 | INSM | A | 5.706 | · | · | 70.284 Langsung | +8,84% | Diakuisisi | (harga per 2026-10-02) |
| 8 Jan. 2025 | INSM | A | 27.370 | · | · | 27.370 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
| 7 Jan. 2025 | INSM | S | 2.306 | $65,98 | $152.150 | 65.642 Langsung | -3,39% | Dilepas | 68,4% (harga per 2026-10-02) |
| 13 Sep. 2024 | INSM | M 10b5-1 | 7.000 | $22,76 | $159.320 | 95.727 Langsung | +7,89% | Diakuisisi | 388,2% (harga per 2026-10-02) |
| 13 Sep. 2024 | INSM | S 10b5-1 | 18.871 | $74,16 | $1.399.473 | 76.856 Langsung | -19,71% | Dilepas | 49,8% (harga per 2026-10-02) |
| 13 Sep. 2024 | INSM | S 10b5-1 | 9.000 | $74,75 | $672.750 | 67.856 Langsung | -11,71% | Dilepas | 48,7% (harga per 2026-10-02) |
| 13 Sep. 2024 | INSM | M 10b5-1 | 7.000 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | M | 11.900 | $17,16 | $204.204 | 100.627 Langsung | +13,41% | Diakuisisi | 547,6% (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | M | 41.640 | $13,91 | $579.212 | 142.267 Langsung | +41,38% | Diakuisisi | 698,8% (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | M | 34.530 | $17,07 | $589.427 | 176.797 Langsung | +24,27% | Diakuisisi | 551,0% (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | S | 67.655 | $72,75 | $4.921.901 | 109.142 Langsung | -38,27% | Dilepas | 52,7% (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | S | 20.415 | $73,65 | $1.503.565 | 88.727 Langsung | -18,70% | Dilepas | 50,9% (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | M | 11.900 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | M | 41.640 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 12 Agu 2024 | INSM | M | 34.530 | · | · | 34.530 Langsung | -50,00% | Dilepas | (harga per 2026-10-02) |
| 8 Juli 2024 | INSM | F | 730 | $70,05 | $51.136 | 88.727 Langsung | -0,82% | Dilepas | 58,6% (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 7.000 | $16,07 | $112.490 | 101.579 Langsung | +7,40% | Diakuisisi | 591,5% (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 10.000 | $16,16 | $161.600 | 111.579 Langsung | +9,84% | Diakuisisi | 587,6% (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 3.691 | $10,85 | $40.047 | 115.270 Langsung | +3,31% | Diakuisisi | 924,1% (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 3.470 | $11,38 | $39.489 | 118.740 Langsung | +3,01% | Diakuisisi | 876,4% (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 14.810 | $13,67 | $202.453 | 133.550 Langsung | +12,47% | Diakuisisi | 712,9% (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | S 10b5-1 | 44.722 | $49,53 | $2.215.081 | 88.828 Langsung | -33,49% | Dilepas | 124,3% (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 7.000 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 10.000 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 3.691 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 3.470 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 28 Mei 2024 | INSM | M 10b5-1 | 14.810 | · | · | 0 Langsung | -100,00% | Dilepas | (harga per 2026-10-02) |
| 14 Mei 2024 | INSM | S | 5.093 | $25,40 | $129.362 | 94.579 Langsung | -5,11% | Dilepas | 337,5% (harga per 2026-10-02) |
| 13 Mei 2024 | INSM | A | 13.308 | · | · | 99.672 Langsung | +15,41% | Diakuisisi | (harga per 2026-10-02) |
| 13 Mei 2024 | INSM | A | 65.230 | · | · | 65.230 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
| 9 Jan. 2024 | INSM | S | 2.373 | $28,76 | $68.247 | 86.364 Langsung | -2,67% | Dilepas | 286,4% (harga per 2026-10-02) |
| 5 Jan. 2024 | INSM | S | 627 | $29,30 | $18.371 | 88.737 Langsung | -0,70% | Dilepas | 279,2% (harga per 2026-10-02) |
| 4 Jan. 2024 | INSM | A | 11.800 | · | · | 89.364 Langsung | +15,21% | Diakuisisi | (harga per 2026-10-02) |
| 4 Jan. 2024 | INSM | A | 58.260 | · | · | 58.260 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
| 11 Juli 2023 | INSM | S | 740 | $20,18 | $14.933 | 77.142 Langsung | -0,95% | Dilepas | 450,6% (harga per 2026-10-02) |
| 17 Mei 2023 | INSM | S | 1.263 | $18,18 | $22.961 | 77.082 Langsung | -1,61% | Dilepas | 511,2% (harga per 2026-10-02) |
| 16 Mei 2023 | INSM | S | 475 | $18,43 | $8.754 | 78.345 Langsung | -0,60% | Dilepas | 502,9% (harga per 2026-10-02) |
| 15 Mei 2023 | INSM | S | 1.897 | $19,24 | $36.498 | 78.820 Langsung | -2,35% | Dilepas | 477,5% (harga per 2026-10-02) |
| 11 Mei 2023 | INSM | A | 26.385 | · | · | 80.717 Langsung | +48,56% | Diakuisisi | (harga per 2026-10-02) |
| 11 Mei 2023 | INSM | A | 121.850 | · | · | 121.850 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
| 10 Jan. 2023 | INSM | S | 1.836 | $17,93 | $32.919 | 54.332 Langsung | -3,27% | Dilepas | 519,7% (harga per 2026-10-02) |
| 5 Jan. 2023 | INSM | S | 720 | $19,72 | $14.198 | 49.836 Langsung | -1,42% | Dilepas | 463,5% (harga per 2026-10-02) |
| 5 Jan. 2023 | INSM | A | 6.332 | · | · | 56.168 Langsung | +12,71% | Diakuisisi | (harga per 2026-10-02) |
| 5 Jan. 2023 | INSM | A | 29.050 | · | · | 29.050 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
| 12 Juli 2022 | INSM | S | 941 | $23,40 | $22.019 | 50.455 Langsung | -1,83% | Dilepas | 374,9% (harga per 2026-10-02) |
| 17 Mei 2022 | INSM | S | 1.055 | $20,37 | $21.490 | 50.583 Langsung | -2,04% | Dilepas | 445,5% (harga per 2026-10-02) |
| 16 Mei 2022 | INSM | S | 433 | $18,48 | $8.002 | 51.638 Langsung | -0,83% | Dilepas | 501,3% (harga per 2026-10-02) |
| 11 Mei 2022 | INSM | A | 69.060 | · | · | 69.060 Langsung | · | Diakuisisi | (harga per 2026-10-02) |
Menampilkan 100 dari 108 transaksi terakhir
P = Pembelian pasar terbuka · S = Penjualan · A = Hibah/penghargaan · B = Pelaksanaan opsi · G = Hadiah · F = Pemotongan pajak
Transaksi orang dalam bukan merupakan rekomendasi; penjualan sering kali didorong oleh alasan likuiditas atau pajak.
Kepemilikan Derivatif (Formulir 4 Tabel II) Opsi, RSU, dan sekuritas konversi yang dilaporkan pada Formulir 4 Tabel II.
| Tanggal | Ticker | Sekuritas | Underlying | Harga Pelaksanaan | Kedaluwarsa | Saham | A/D |
|---|---|---|---|---|---|---|---|
| 30 Maret 2026 | INSM | Stock Option (right to buy) | Common Stock | $17,07 | 11 Mei 2032 | 5.649 | Dilepas |
| 30 Maret 2026 | INSM | Stock Option (right to buy) | Common Stock | $27,89 | 8 Juli 2031 | 13.989 | Dilepas |
| 24 Feb. 2026 | INSM | Stock Option (right to buy) | Common Stock | $17,07 | 11 Mei 2032 | 20.248 | Dilepas |
| 2 Jan. 2026 | INSM | Stock Option (right to buy) | Common Stock | $177,12 | 2 Jan. 2036 | 27.600 | Diakuisisi |
| 3 Nov. 2025 | INSM | Stock Option (right to buy) | Common Stock | $23,75 | 3 Jan. 2030 | 27.130 | Dilepas |
| 2 Sep. 2025 | INSM | Stock Option (right to buy) | Common Stock | $30,46 | 4 Jan. 2028 | 12.780 | Dilepas |
| 15 Mei 2025 | INSM | Stock Option (right to buy) | Common Stock | $67,22 | 15 Mei 2035 | 27.100 | Diakuisisi |
| 8 Jan. 2025 | INSM | Stock Option (right to buy) | Common Stock | $65,72 | 8 Jan. 2035 | 27.370 | Diakuisisi |
| 13 Sep. 2024 | INSM | Stock Option (right to buy) | Common Stock | $22,76 | 21 Mei 2025 | 7.000 | Dilepas |
| 12 Agu 2024 | INSM | Stock Option (right to buy) | Common Stock | $17,16 | 17 Mei 2027 | 11.900 | Dilepas |
| 12 Agu 2024 | INSM | Stock Option (right to buy) | Common Stock | $13,91 | 3 Jan. 2029 | 41.640 | Dilepas |
| 12 Agu 2024 | INSM | Stock Option (right to buy) | Common Stock | $17,07 | 11 Mei 2032 | 34.530 | Dilepas |
| 28 Mei 2024 | INSM | Stock Option (right to buy) | Common Stock | $16,07 | 8 Jan. 2025 | 7.000 | Dilepas |
| 28 Mei 2024 | INSM | Stock Option (right to buy) | Common Stock | $16,16 | 7 Jan. 2026 | 10.000 | Dilepas |
| 28 Mei 2024 | INSM | Stock Option (right to buy) | Common Stock | $10,85 | 19 Mei 2026 | 3.691 | Dilepas |
| 28 Mei 2024 | INSM | Stock Option (right to buy) | Common Stock | $11,38 | 2 Agu 2026 | 3.470 | Dilepas |
| 28 Mei 2024 | INSM | Stock Option (right to buy) | Common Stock | $13,67 | 5 Jan. 2027 | 14.810 | Dilepas |
| 13 Mei 2024 | INSM | Stock Option (right to buy) | Common Stock | $25,83 | 13 Mei 2034 | 65.230 | Diakuisisi |
| 4 Jan. 2024 | INSM | Stock Option (right to buy) | Common Stock | $29,13 | 4 Jan. 2034 | 58.260 | Diakuisisi |
| 11 Mei 2023 | INSM | Stock Option (right to buy) | Common Stock | $18,95 | 11 Mei 2033 | 121.850 | Diakuisisi |
| 5 Jan. 2023 | INSM | Stock Option (right to buy) | Common Stock | $19,74 | 5 Jan. 2033 | 29.050 | Diakuisisi |
| 11 Mei 2022 | INSM | Stock Option (right to buy) | Common Stock | $17,07 | 11 Mei 2032 | 69.060 | Diakuisisi |
| 6 Jan. 2022 | INSM | Stock Option (right to buy) | Common Stock | $26,43 | 6 Jan. 2032 | 45.700 | Diakuisisi |
| 8 Juli 2021 | INSM | Stock Option (right to buy) | Common Stock | $27,89 | 8 Juli 2031 | 32.550 | Diakuisisi |
Harga pelaksanaan/konversi kosong jika tidak berlaku (misalnya, RSU).
Kepemilikan Awal (Formulir 3) 1 saham
Sekuritas yang dipegang saat pertama kali menjadi orang dalam, sesuai Formulir 3 SEC.
| Tanggal | Ticker | Sekuritas | Saham | Kepemilikan |
|---|---|---|---|---|
| 9 Juli 2021 | INSM | Common Stock | 22.506 | Langsung |
Kompensasi (DEF 14A)
Dicocokkan berdasarkan nama dari pernyataan proksi (DEF 14A) — verifikasi terhadap pengajuan.
| Tahun fiskal | Gaji | Bonus | Penghargaan saham | Penghargaan opsi | Insentif non-ekuitas | Perubahan Pensiun | Lainnya | Total |
|---|---|---|---|---|---|---|---|---|
| 2025 | $595.270 | · | $749.951 | $2.250.113 | $520.862 | · | $21.964 | $4.138.160 |
Angka-angka dari Tabel Kompensasi Ringkasan dalam pernyataan proksi perusahaan (DEF 14A). Kompensasi bukan merupakan rekomendasi.