TNET CEO awarded 66,818 performance-based shares
TRINET GROUP, INC. president and CEO Michael Q. Simonds acquired 66,818 shares of common stock as an equity award.
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Rhea-AI Filing Summary
TRINET GROUP, INC. president and CEO Michael Q. Simonds acquired 66,818 shares of common stock as an equity award. The Form 4 reports this as a grant or award acquisition at a stated price of $0.00 per share, bringing his directly held total to 174,193 shares.
The shares represent the earned portion of a performance-based restricted stock unit award granted on March 21, 2025, based on performance through December 31, 2025. These PRSUs are scheduled to vest 50% on December 31, 2026 and 50% on December 31, 2027, subject to continued service, with potential accelerated vesting upon certain events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,818 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- 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 insider transaction did TRINET GROUP (TNET) report for Michael Q. Simonds?
Was the TNET CEO’s March 2026 Form 4 transaction a market purchase or a stock award?
How are the TRINET (TNET) performance-based restricted stock units scheduled to vest?
What performance period determined the earned PRSUs reported in the TNET Form 4?
Does the TNET CEO’s reported beneficial ownership include all equity awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.