TriNet (NYSE: TNET) director reports RSU grant and stock gifts
Rhea-AI Filing Summary
TRINET GROUP, INC. director Jacqueline B. Kosecoff reported compensation-related share activity and non-market gifts of common stock. She received a grant of 4,735 Restricted Stock Units that convert into common stock on a one-for-one basis. These units vest 100% on the earlier of the 12-month anniversary of the grant date and the trading day preceding the company’s 2027 annual stockholder meeting, subject to her continued board service and possible accelerated vesting upon certain events.
On a separate date, she made bona fide gifts totaling 5,298 shares of common stock at no price. One gift of 2,649 shares was transferred to a family trust where she and her spouse serve as trustees and beneficiaries, and another 2,649 shares were gifted from her direct holdings. After these transactions, she holds shares both directly and indirectly through the trust, and the total reported beneficial ownership includes unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,649 | $0.00 | -- |
| Gift | Common Stock | 2,649 | $0.00 | -- |
| Grant/Award | Common Stock | 4,735 | $0.00 | -- |
Footnotes (1)
- Reflects the grant of Restricted Stock Units that convert into Common Stock, par value $0.000025 per share, of the Issuer, on a one-for-one basis. The Restricted Stock Units will vest 100% on the earlier of the 12-month anniversary of the date of grant and the trading day preceding the date of the Company's 2027 Annual Meeting of the Stockholders, subject to the director's continued service. The Restricted Stock Units are also subject to accelerated vesting upon certain events. The total securities beneficially owned includes shares of unvested restricted stock units. Represents a transfer of shares to a trust, of which the reporting person and her spouse are trustees and beneficiaries of the trust. Shares held directly by the Robert H. Brook and Jacqueline B. Kosecoff Family Trust (the "Trust"). The Reporting Person and her spouse serve as trustees and beneficiaries of the Trust.