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TriNet (NYSE: TNET) CEO uses $68.75 stock to cover RSU taxes

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TRINET GROUP, INC. (TNET) reported that President & CEO Michael Q. Simonds had three Form 4 transactions on August 15, 2026, all coded "F". A total of 5,799 shares of common stock were withheld at $68.75 per share to satisfy tax withholding obligations upon vesting of restricted stock units granted in March 2024, March 2025, and March 2026. A related footnote states that his total beneficial ownership includes unvested restricted stock units and excludes unearned performance-based restricted stock units.

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Insider Simonds Michael Q
Role PRESIDENT & CEO
Type Security Shares Price Value
Tax Withholding Common Stock F1, F2 992 $68.75 $68K
Tax Withholding Common Stock F3, F2 1,601 $68.75 $110K
Tax Withholding Common Stock F4, F2 3,206 $68.75 $220K
Holdings After Transaction: Common Stock — 278,212 shares (Direct)
Footnotes (4)
  1. 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.
  2. 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.
  3. 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.
  4. F4. 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 20, 2026.
Tax-withheld shares (2024 RSU vesting) 992 shares Shares withheld on August 15, 2026 for tax from March 15, 2024 RSU grant
Tax-withheld shares (2025 RSU vesting) 1,601 shares Shares withheld on August 15, 2026 for tax from March 21, 2025 RSU grant
Tax-withheld shares (2026 RSU vesting) 3,206 shares Shares withheld on August 15, 2026 for tax from March 20, 2026 RSU grant
Total shares withheld for tax 5,799 shares Aggregate of three code F transactions on August 15, 2026
Per-share price used for tax withholding $68.75 Applied to each of the August 15, 2026 tax-withholding transactions
restricted stock unit financial
"vesting of a portion of the restricted stock unit award granted on March 15, 2024"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance-based restricted stock units financial
"It excludes unvested performance-based restricted stock units which will be reported"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
beneficially owned financial
"The total securities beneficially owned includes shares of unvested restricted stock units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
tax withholding obligation financial
"shares withheld for satisfaction of a tax withholding obligation arising as a result"

FAQ

What insider transaction did TNET CEO Michael Q. Simonds report on August 15, 2026?
Michael Q. Simonds reported three code F transactions on August 15, 2026, in which shares of TriNet common stock were withheld to satisfy tax obligations arising from the vesting of previously granted restricted stock units in 2024, 2025, and 2026.

How many TNET shares were involved in Michael Q. Simonds’ latest Form 4 filing?
The Form 4 reports a total of 5,799 shares of TriNet common stock disposed of through tax withholding: 992 shares, 1,601 shares, and 3,206 shares linked to three separate restricted stock unit vesting events.

What price per share was used for the TNET tax-withholding transactions reported by the CEO?
All three tax-withholding transactions used a price of $68.75 per share. This price applies to the 5,799 TriNet common shares withheld to cover tax liabilities triggered by the vesting of restricted stock unit awards granted in 2024, 2025, and 2026.

Were the TNET CEO’s August 2026 Form 4 transactions open-market sales?
No. The transactions were all coded “F”, described as payment of tax liability by delivering or withholding securities, indicating shares were withheld for taxes on vesting RSUs, not sold in open-market trades.

What does the Form 4 say about Michael Q. Simonds’ unvested TNET equity awards?
A footnote states his total securities beneficially owned include unvested restricted stock units but exclude unvested performance-based restricted stock units, which will only be reported if and when earned upon achievement of specified performance criteria.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Simonds Michael Q
(Last)(First)(Middle)
TRINET GROUP, INC.
ONE PARK PLACE, SUITE 600
(Street)
DUBLIN CALIFORNIA 94568
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TRINET GROUP, INC. [ TNET ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
PRESIDENT & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/15/2026F992(1)D$68.75283,019(2)D
Common Stock08/15/2026F1,601(3)D$68.75281,418(2)D
Common Stock08/15/2026F3,206(4)D$68.75278,212(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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.
3. 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.
4. 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 20, 2026.
Remarks:
/s/ Sheryl Southwick, Attorney-in-fact08/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR