TriNet Group (TNET) director entities report new 4,735 RSU award
Rhea-AI Filing Summary
TRINET GROUP, INC. director-affiliated entities reported updated holdings and a new equity award. An entity associated with director Michael J. Angelakis received 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 before the company’s 2027 annual stockholders’ meeting, subject to continued board service and potential accelerated vesting on certain events.
Following this award, Mr. Angelakis is indirectly reported as beneficial owner of 4,735 Restricted Stock Units and 34,735 shares of common stock, while affiliated investment entities hold 3,169,354 and 14,916,419 shares of common stock. The filing states that each reporting person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,735 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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. Reflects (i) 4,735 Restricted Stock Units and (ii) 34,735 shares of Common Stock directly beneficially owned by Mr. Angelakis, which were previously delivered to Mr. Angelakis in connection with the vesting of Restricted Stock Units granted to him in his capacity as a director of the Issuer. This Form 4 is being filed by more than one Reporting Person. A-T Holdings GP, LLC is the general partner of AGI-T, L.P. Atairos Group, Inc. is the sole member and manager of A-T Holdings GP, LLC and the sole limited partner of AGI-T, L.P. A-A SMA GP, LLC is the general partner of A-A SMA, L.P. Atairos Group, Inc. is the sole member and manager of A-A SMA GP, LLC and the sole limited partner of A-A SMA, L.P. Atairos Partners, L.P. is the sole voting shareholder of Atairos Group, Inc. Atairos Partners GP, Inc. is the general partner of Atairos Partners, L.P. Michael J. Angelakis directly or indirectly controls a majority of the voting power of Atairos Partners GP, Inc. and serves on the board of directors of the Issuer. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. Reflects shares of Common Stock directly beneficially owned by A-A SMA, L.P. Reflects shares of Common Stock directly beneficially owned by AGI-T, L.P.
Key Figures
Key Terms
Restricted Stock Units financial
beneficial ownership financial
pecuniary interest financial
general partner financial
limited partner financial
FAQ
What insider activity did TriNet (TNET) report in this Form 4?
The Form 4 reports an equity award and updated holdings for entities linked to director Michael J. Angelakis. One entity received 4,735 Restricted Stock Units, and affiliated investment vehicles report multi‑million share indirect holdings in TriNet common stock, with beneficial ownership disclaimed beyond pecuniary interest.
How many Restricted Stock Units did TriNet (TNET) grant to the Angelakis-affiliated entity?
The filing shows a grant of 4,735 Restricted Stock Units to an entity associated with director Michael J. Angelakis. Each unit converts into one share of TriNet common stock, providing additional equity-linked compensation to the director through this indirect holding structure.
What are the vesting terms of the new TriNet (TNET) Restricted Stock Units?
The 4,735 Restricted Stock Units vest 100% on the earlier of the 12‑month anniversary of the grant date and the trading day before TriNet’s 2027 annual stockholders’ meeting. Vesting is conditioned on the director’s continued service, with potential accelerated vesting upon certain events.
What indirect TriNet (TNET) holdings do affiliated investment entities report?
The document notes 3,169,354 shares of TriNet common stock directly beneficially owned by A‑A SMA, L.P. and 14,916,419 shares directly beneficially owned by AGI‑T, L.P. These large positions are reported by multiple related entities, with beneficial ownership disclaimed beyond pecuniary interest.
How do the TriNet (TNET) reporting persons describe their beneficial ownership?
The reporting persons state they disclaim beneficial ownership of the reported TriNet securities except to the extent of their pecuniary interest. This means legal filings treat the entities as holders, while individuals only acknowledge economic exposure to the degree they share in profits or losses.