TriNet (TNET) CRO Anthony Shea awarded 26,435 time-vested RSUs
Rhea-AI Filing Summary
Treadway Anthony Shea reported acquisition or exercise transactions in this Form 4 filing.
TRINET GROUP, INC. reported that SVP and Chief Revenue Officer Anthony Shea received a grant of 26,435 restricted stock units of common stock. 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 after the grant date, and may vest faster upon certain events. Following this award, Shea beneficially owns 69,640 shares, including unvested restricted stock units, but excluding any unvested performance-based units that will only be reported if their performance goals are achieved.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,435 | $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 Anthony Shea?
How do Anthony Shea’s new TriNet (TNET) restricted stock units vest?
Are performance-based restricted stock units included in Anthony Shea’s reported TriNet (TNET) holdings?
Does the TriNet (TNET) Form 4 show any stock sales by Anthony Shea?