TriNet (NYSE: TNET) grants EVP 33,043 RSUs vesting over four years
Rhea-AI Filing Summary
Hayward Jeffery Jon reported acquisition or exercise transactions in this Form 4 filing.
TRINET GROUP, INC. executive Jeffery Jon Hayward, EVP and Chief Services & Technology Officer, received a grant of 33,043 shares of common stock in the form of restricted stock units at no cash cost. These units vest over four years, with one‑sixteenth of the award vesting quarterly on the 15th day of the second month of each calendar quarter following the grant date, and are subject to potential accelerated vesting upon certain events. Following this grant, Hayward beneficially owns 74,020.3487 shares, including unvested restricted stock units, but excluding any unvested performance‑based restricted stock units that will be reported only when earned upon achievement of specified performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33,043 | $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 (TNET) report for Jeffery Jon Hayward?
How do Jeffery Jon Hayward’s new restricted stock units in TNET vest?
Are performance-based restricted stock units included in Jeffery Jon Hayward’s reported TNET holdings?
Was Jeffery Jon Hayward’s TNET Form 4 transaction an open-market buy or a compensation grant?