GBTG (GBTG) CEO receives 862,132 RSUs with vesting corrected to 2027
Rhea-AI Filing Summary
Global Business Travel Group, Inc. CEO Paul G. Abbott reported an acquisition of 862,132 shares of Class A common stock in the form of time-based restricted stock units granted at a price of $0.00 per share. Following this award, his directly held stake is 4,013,120 shares.
The restricted stock units will vest in three equal installments beginning on March 1, 2027. This filing is an amendment that corrects the previously reported vesting schedule, which had incorrectly stated that vesting would begin on March 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 862,132 shares
Net Buy
1 txn
Insider
Abbott Paul G
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 862,132 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 4,013,120 shares (Direct)
Footnotes (1)
- F1. Represents time-based restricted stock units that shall vest in three equal installments beginning on March 1, 2027. This Form 4 amendment is being filed solely to correct the vesting schedule of these restricted stock units, which previously was reported as beginning on March 1, 2026.
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FAQ
What insider transaction did GBTG CEO Paul Abbott report on this Form 4/A?
Paul G. Abbott reported an acquisition of 862,132 Class A common shares through a restricted stock unit grant at $0.00 per share. These time-based units increase his directly held position to 4,013,120 shares following the transaction, reflecting routine equity-based executive compensation.
Why was this Form 4/A for Global Business Travel Group (GBTG) filed as an amendment?
The Form 4/A was filed solely to correct the vesting schedule of previously reported restricted stock units. The original filing stated vesting would begin March 1, 2026, but this amendment clarifies that vesting actually begins March 1, 2027, in three equal annual installments.
What is the vesting schedule for Paul Abbott’s new GBTG restricted stock units?
The 862,132 time-based restricted stock units vest in three equal installments starting March 1, 2027. This means one-third of the units vest each year over three years, aligning the CEO’s equity compensation with a multi-year timeframe, as clarified in the amendment footnote.
Did Paul Abbott pay cash for the 862,132 GBTG restricted stock units reported?
No, the 862,132 restricted stock units were granted at a reported price of $0.00 per share. This indicates an equity compensation award rather than an open-market purchase, consistent with the transaction code A for a grant, award, or other acquisition.