TriNet (TNET) CRO Anthony Shea awarded 26,435 time-vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
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 | 26,435 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 69,640 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.
FAQ
What insider transaction did TriNet (TNET) report for Anthony Shea?
TriNet reported that SVP and Chief Revenue Officer Anthony Shea received 26,435 restricted stock units of common stock as a compensation award. The grant is structured to vest over time and may vest faster upon certain specified events.
How do Anthony Shea’s new TriNet (TNET) restricted stock units vest?
The 26,435 restricted stock units vest over four years, with one-sixteenth of the total vesting quarterly. Vesting occurs on the 15th day of the second month of each calendar quarter following the grant date, with potential accelerated vesting upon certain events.
Are performance-based restricted stock units included in Anthony Shea’s reported TriNet (TNET) holdings?
Performance-based restricted stock units are excluded from the reported 69,640 shares beneficially owned by Anthony Shea. They will be reported later only if certain performance targets are met and the units are earned under their terms.
Does the TriNet (TNET) Form 4 show any stock sales by Anthony Shea?
The Form 4 shows only an acquisition by grant of 26,435 restricted stock units to Anthony Shea. There are no reported stock sales or dispositions in this filing, and the transaction is categorized as a grant or award acquisition.