TriNet (TNET) CEO logs tax-withholding share dispositions from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
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.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Simonds Michael Q
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 700 | $39.82 | $28K |
| Tax Withholding | Common Stock | 1,240 | $39.82 | $49K |
Holdings After Transaction:
Common Stock — 108,615 shares (Direct)
Footnotes (1)
- 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. 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. 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
What insider transaction did TriNet Group (TNET) disclose for CEO Michael Q. Simonds?
TriNet Group disclosed that CEO Michael Q. Simonds had shares withheld to cover tax obligations from vesting restricted stock units. Two Form 4 transactions on February 15, 2026 reported 700 and 1,240 common shares disposed through tax-withholding at $39.82 per share.
Were the TriNet (TNET) CEO’s Form 4 transactions open-market stock sales?
No, the Form 4 shows tax-withholding dispositions, not open-market stock sales. Shares were withheld automatically to satisfy tax obligations arising from vesting restricted stock unit awards granted in March 2024 and March 2025, a common administrative process for equity compensation.
Does the TriNet (TNET) CEO still hold unvested equity after these transactions?
Yes, the filing states that the CEO’s beneficial ownership includes unvested restricted stock units. It also notes that unvested performance-based restricted stock units are excluded and will be reported later if earned when specific performance criteria are achieved.
How does the Form 4 describe the nature of the CEO’s TriNet (TNET) transactions?
The Form 4 describes both transactions as dispositions coded “F,” meaning shares were delivered to satisfy tax withholding obligations. The action is labeled as a tax-withholding disposition rather than a discretionary buy or sell in the open market.