TriNet CEO disposes shares for tax withholding
TriNet Group, Inc. president and CEO Michael Q. Simonds reported two tax-related share dispositions.
Rhea-AI Filing Summary
TriNet Group, Inc. president and CEO Michael Q. Simonds reported two tax-related share dispositions. On February 15, 2026, a total of 700 and 1,240 shares of common stock at $39.82 per share were withheld to satisfy tax withholding obligations triggered by the vesting of portions of restricted stock unit awards granted on March 15, 2024 and March 21, 2025. These are administrative tax-withholding transactions, not open-market purchases or sales. The filing notes that his beneficial ownership also includes unvested restricted stock units and excludes performance-based units that will be reported if and when earned.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 700 | $39.82 | $28K |
| Exercise Price or Tax Liability | Common Stock | 1,240 | $39.82 | $49K |
Footnotes (3)
- F1. Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 15, 2024.
- F2. 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.
- F3. Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 21, 2025.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TriNet Group (TNET) disclose for CEO Michael Q. Simonds?
Were the TriNet (TNET) CEO’s Form 4 transactions open-market stock sales?
Does the TriNet (TNET) CEO still hold unvested equity after these transactions?
How does the Form 4 describe the nature of the CEO’s TriNet (TNET) transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.