TriNet CEO granted 115,649 restricted stock units
Simonds Michael Q reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Simonds Michael Q reported acquisition or exercise transactions in this Form 4 filing.
TRINET GROUP, INC. President & CEO Michael Q. Simonds received a grant of 115,649 shares of Common Stock in the form of restricted stock units. These units vest over four years, with one-sixteenth of the total vesting quarterly on the 15th day of the second month of each calendar quarter following the grant date, and are subject to accelerated vesting upon certain events. After this award, he beneficially owns 289,842 shares, which include unvested restricted stock units but exclude unvested performance-based units that will only be reported when earned.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 115,649 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TriNet (TNET) CEO Michael Q. Simonds report in this Form 4?
What is the vesting schedule for Michael Q. Simonds’ new TriNet (TNET) restricted stock units?
Does this TriNet (TNET) Form 4 involve an open-market stock purchase or sale?
Are performance-based restricted stock units included in the CEO’s reported TriNet (TNET) ownership?
AI-generated analysis. How Rhea-AI works. Not financial advice.