TriNet Group (NYSE: TNET) SVP granted 16,199 stock-based units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TriNet Group reported an equity award for Anthony Shea, its SVP and Chief Revenue Officer. He acquired 16,199 shares of common stock through a grant classified as a performance-based restricted stock unit (PRSU) award at a stated price of $0.00 per share.
The award represents the portion of PRSUs, originally granted on March 21, 2025, that was earned based on performance for the period ending December 31, 2025. These PRSUs will vest 50% on December 31, 2026 and 50% on December 31, 2027, subject to continued service, and may vest earlier upon certain events. Following this transaction, Shea beneficially owns 43,205 shares, including unvested restricted stock units but excluding unearned performance-based units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Treadway Anthony Shea
Role
SVP, Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,199 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,205 shares (Direct)
Footnotes (1)
- Represents the portion of a performance-based restricted stock unit award (the "PRSUs") made on March 21, 2025 that was determined to be earned based on performance for the period ending December 31, 2025. The PRSUs will vest as follows: 50% on December 31, 2026 and 50% on December 31, 2027, subject to continued service through each such date and are subject to accelerated vesting upon certain events. Each PRSU represents a contingent right to receive one share of TNET common stock upon vesting. 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 did TriNet Group (TNET) insider Anthony Shea report in this Form 4?
Anthony Shea reported acquiring 16,199 TriNet shares through a grant of performance-based restricted stock units. The award was earned based on performance through December 31, 2025 and increases his beneficial ownership to 43,205 shares, including unvested restricted stock units but excluding unearned performance-based units.
How and when will Anthony Shea’s TriNet (TNET) PRSU award vest?
The earned PRSU award vests in two equal installments. Half of the 16,199 performance-based restricted stock units will vest on December 31, 2026 and the remaining half on December 31, 2027, subject to Shea’s continued service and potential accelerated vesting upon certain specified events.
What performance period determined the earning of Anthony Shea’s TriNet (TNET) PRSUs?
The PRSUs were earned based on performance through December 31, 2025. They are part of a performance-based restricted stock unit award originally granted on March 21, 2025, with the portion now reported reflecting units determined to be earned after assessing that performance period.
What is Anthony Shea’s total beneficial ownership of TriNet (TNET) after this award?
After the transaction, Anthony Shea beneficially owns 43,205 TriNet shares. This total includes shares underlying unvested restricted stock units but specifically excludes unvested performance-based restricted stock units that have not yet been earned under their performance criteria.
Does the Form 4 for TriNet (TNET) indicate an open-market stock purchase by Anthony Shea?
No, the filing shows a grant or award acquisition. The 16,199 shares are from a performance-based restricted stock unit award with a transaction price of $0.00 per share, reflecting equity compensation rather than an open-market cash purchase of TriNet stock.