Groupon, Inc. (GRPN) CAO nets 4,950 PSU shares, 2,045 withheld for tax
Rhea-AI Filing Summary
Groupon, Inc. Chief Accounting Officer Kyle Netzly reported the vesting of 4,950 Performance Share Units on July 30, 2026, converting into an equal number of common shares. This tranche vested after the Compensation Committee certified achievement of a stock-price hurdle and service condition. To satisfy mandatory tax withholding, 2,045 common shares were withheld at $27.89 per share, which was not an open‑market sale. Following the PSU exercise, Netzly directly held 55,050 Performance Share Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,905 shares
Net Buy
3 txns
Insider
Netzly Kyle
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units F2, F3 | 4,950 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,950 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 2,045 | $27.89 | $57K |
Holdings After Transaction:
Performance Share Units — 55,050 shares (Direct);
Common Stock — 33,872 shares (Direct)
Footnotes (3)
- F1. Shares withheld to satisfy the mandatory tax withholding requirement upon the vesting of performance share units ("PSUs"). This is not an open market sale of securities.
- F2. Each PSU represents a contingent right to receive one share of Groupon, Inc. (the "Issuer") common stock.
- F3. The number of shares of common stock that will be acquired on vesting of the PSUs is contingent upon: (1) the achievement of pre-established stock price hurdles over a three-year performance period beginning on May 1, 2025, and ending on May 1, 2028; and (2) the achievement of continued service conditions measured on each of May 1, 2026, May 1, 2027, and May 1, 2028. The PSUs shall vest immediately upon certification of the achievement of both conditions by the Compensation Committee of the Issuer's Board of Directors (the "Committee"). On July 30, 2026, the Committee certified that the first pre-established stock price hurdle and the continued service condition measured as of May 1, 2026 have both been achieved, and 4,950 PSUs vested on July 30, 2026.
Key Figures
PSUs vested: 4,950 units
Shares withheld for tax: 2,045 shares
Withholding price: $27.89 per share
+3 more
6 metrics
PSUs vested
4,950 units
Performance Share Units vesting and converting into common stock on July 30, 2026
Shares withheld for tax
2,045 shares
Common shares withheld to satisfy mandatory tax withholding on PSU vesting
Withholding price
$27.89 per share
Price used for shares withheld to satisfy tax obligations
PSUs held after transaction
55,050 units
Performance Share Units directly owned by Kyle Netzly following the reported exercise
PSU performance period start
May 1, 2025
Beginning of the three‑year performance period for PSU stock‑price hurdles
PSU performance period end
May 1, 2028
End of the three‑year performance period for PSU stock‑price hurdles
Key Terms
Performance Share Units, pre-established stock price hurdles, continued service conditions, Compensation Committee
4 terms
pre-established stock price hurdles financial
"contingent upon the achievement of pre-established stock price hurdles over a three-year performance period"
continued service conditions financial
"and the achievement of continued service conditions measured on each of May 1, 2026, May 1, 2027, and May 1, 2028"
Compensation Committee financial
"The PSUs shall vest immediately upon certification of the achievement of both conditions by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity event did Groupon (GRPN) disclose for Kyle Netzly?
Groupon (GRPN) disclosed that Chief Accounting Officer Kyle Netzly had 4,950 Performance Share Units vest on July 30, 2026, converting into the same number of common shares after performance and service conditions were certified by the Compensation Committee.
What are the performance conditions on Kyle Netzly’s Groupon (GRPN) PSUs?
Netzly’s PSUs depend on stock price hurdles over a three‑year period from May 1, 2025 to May 1, 2028 and continued service measured on May 1, 2026, 2027, and 2028, with vesting after the Compensation Committee certifies both conditions.