TriNet Group (NYSE: TNET) SVP awarded 26,435 RSUs, boosting holdings to 65,334
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nimmer Timothy N reported acquisition or exercise transactions in this Form 4 filing.
TriNet Group SVP Timothy N. Nimmer received a grant of 26,435 shares of common stock in the form of restricted stock units. This equity award is compensation, not a market purchase, and was granted at no cash cost per share.
The award vests over four years, with one-sixteenth of the shares vesting quarterly on the 15th day of the second month of each calendar quarter after the grant date, and may vest faster upon certain events. After this grant, Nimmer beneficially owns 65,334 shares, including unvested restricted stock units but excluding unvested performance-based units that will be reported only if earned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nimmer Timothy N
Role
SVP, Insurance Services & Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,435 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 65,334 shares (Direct)
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.