Global Business Travel CFO's shares convert at $9.50
The merger terms converted common shares and equity awards into cash rights using a $9.50 per-share amount.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Global Business Travel Group, Inc. Chief Financial Officer Karen A. Williams reported merger transactions on September 29, 2026. The merger converted 97,072 Class A shares to cash rights at $9.50 per share and canceled 451,598 restricted stock units and 236,503 performance stock units for cash rights at that price, without interest and subject to applicable withholding taxes. Williams also reported deemed acquisition of 236,503 unvested PSU shares, based on the greater of target or actual performance shares.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Williams Karen A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock F1, F2 | 97,072 | -- | -- |
| Disposition | Class A Common Stock F3 | 451,598 | -- | -- |
| Grant/Award | Class A Common Stock F4 | 236,503 | $0.00 | $0.00 |
| Disposition | Class A Common Stock F5 | 236,503 | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Direct)
Footnotes (5)
- F1. Includes shares acquired under the Issuer's Employee Stock Purchase Plan on August 14, 2026.
- F2. On September 29, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated May 2, 2026, by and among the Issuer, Gaia Purchaser, Inc. ("Parent") and Gaia Merger Sub, Inc., a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each share of Class A common stock, par value $0.0001 per share, of the Issuer ("Company Common Stock") held by the reporting person as of immediately prior to the Effective Time was automatically cancelled and converted into the right to receive cash in an amount equal to $9.50, without interest thereon (the "Per Share Price").
- F3. As of immediately prior to the Effective Time, pursuant to the Merger Agreement, each award of restricted stock units of the Issuer (a "Company RSU") that was outstanding as of immediately prior to the Effective Time was automatically cancelled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (i) the Per Share Price and (ii) the total number of shares of Company Common Stock subject to such Company RSU as of immediately prior to the Effective Time.
- F4. Represents a deemed acquisition of shares of Company Common Stock underlying each award of performance stock units of the Issuer (a "Company PSU") held by the reporting person that was unvested and outstanding as of immediately prior to the Effective Time based on the attainment of the applicable performance metrics at the greater of (i) the target number of shares of Company Common Stock subject to such Company PSU as of immediately prior to the Effective Time and (ii) the number of shares of Company Common Stock to be earned based on actual achievement of the performance criteria set forth in the applicable award agreement as of immediately prior to the Effective Time.
- F5. As of immediately prior to the Effective Time, each Company PSU that was outstanding as of immediately prior to the Effective Time was automatically cancelled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (A) the Per Share Price and (B) the greater of (i) the target number of shares of Company Common Stock subject to such Company PSU as of immediately prior to the Effective Time and (ii) the number of shares of Company Common Stock to be earned based on actual achievement of the performance criteria set forth in the applicable award agreement as of immediately prior to the Effective Time.
Key Figures
Class A shares converted: 97,072 shares
Per Share Price: $9.50 per share
Restricted stock units canceled: 451,598 shares
+2 more
5 metrics
Class A shares converted
97,072 shares
Merger transaction dated September 29, 2026
Per Share Price
$9.50 per share
Merger cash rights for Class A shares and equity awards
Restricted stock units canceled
451,598 shares
Converted into merger cash rights on September 29, 2026
Performance stock units canceled
236,503 shares
Converted into merger cash rights on September 29, 2026
Deemed acquisition of performance stock unit shares
236,503 shares
Based on the greater of target shares or shares earned under performance criteria
Key Terms
Employee Stock Purchase Plan, restricted stock units, performance stock units, Effective Time
4 terms
Employee Stock Purchase Plan financial
"shares acquired under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
restricted stock units financial
"each award of restricted stock units of the Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"each award of performance stock units of the Issuer"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Effective Time technical
"At the effective time of the Merger (the "Effective Time")"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How were Karen A. Williams’s GBTG RSUs and PSUs settled?
The merger canceled 451,598 restricted stock units and 236,503 performance stock units and converted each award into a cash right based on the $9.50 Per Share Price multiplied by the shares subject to the award. The amounts were payable without interest and subject to applicable withholding taxes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
