TriNet (NYSE: TNET) awards 23,130 RSUs to SVP and CLO
Rhea-AI Filing Summary
Majalya Sidney A. reported acquisition or exercise transactions in this Form 4 filing.
TRINET GROUP, INC. reported that SVP, CLO and Secretary Sidney A. Majalya received a grant of 23,130 shares of Common Stock in the form of restricted stock units as compensation. These units vest over four years, with one-sixteenth vesting quarterly on the 15th day of the second month of each calendar quarter after the grant date, and may vest faster upon certain events. After this grant, Majalya beneficially owns 56,525 shares, including unvested restricted stock units but excluding any performance-based units that will only be reported if earned.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,130 | $0.00 | -- |
Footnotes (1)
- Represents a grant of a restricted stock unit award. The restricted stock unit award is subject to a 4-year vesting schedule: one-sixteenth of the total number of shares vesting quarterly on the 15th day of the second month of each calendar quarter following the grant date. The restricted stock unit award is also subject to accelerated vesting upon certain events. The total securities beneficially owned includes shares of unvested restricted stock units. It excludes unvested performance-based restricted stock units which will be reported when earned upon achievement of certain performance criteria.
FAQ
What insider transaction did TriNet Group (TNET) report for Sidney A. Majalya?
How do the 23,130 restricted stock units granted to TNET executive Sidney A. Majalya vest?
What is Sidney A. Majalya’s total beneficial ownership in TriNet Group (TNET) after this Form 4?
Is the Form 4 transaction for TriNet Group (TNET) an open-market buy or sell?
Does Sidney A. Majalya’s TriNet (TNET) ownership include performance-based restricted stock units?