TriNet Group (TNET) CTO receives 16,199 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TriNet Group Chief Technology Officer Jeffery Jon Hayward acquired 16,199 shares of common stock through a performance-based restricted stock unit award. This represents the earned portion of PRSUs granted on March 21, 2025, based on performance for the period ending December 31, 2025.
The PRSUs will vest 50% on December 31, 2026 and 50% on December 31, 2027, subject to continued service and possible accelerated vesting upon certain events. After this award, Hayward beneficially owns 40,977.3487 shares, including unvested restricted stock units but excluding unearned performance-based units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hayward Jeffery Jon
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,199 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 40,977.349 shares (Direct)
Footnotes (1)
- 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. 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 Group (TNET) CTO Jeffery Jon Hayward report?
Jeffery Jon Hayward reported acquiring 16,199 TriNet Group common shares via a performance-based restricted stock unit award. The award reflects PRSUs earned for performance through December 31, 2025 and is recorded as a grant or award acquisition rather than an open-market purchase.
What are the vesting terms of Jeffery Jon Hayward’s 16,199 TriNet Group PRSUs?
The 16,199 PRSUs vest in two equal installments on December 31, 2026 and December 31, 2027. Vesting is subject to Hayward’s continued service through each date, with potential accelerated vesting upon certain events disclosed in the award terms.
What performance period determined Jeffery Jon Hayward’s earned PRSUs at TriNet Group?
The earned portion of Jeffery Jon Hayward’s PRSUs was based on performance through December 31, 2025. These units come from a performance-based restricted stock unit award originally made on March 21, 2025, which only becomes earned after specified performance criteria are met.
How does this TriNet Group PRSU award convert into common stock for Jeffery Jon Hayward?
Each performance-based restricted stock unit represents a contingent right to receive one share of TriNet common stock upon vesting. As the PRSUs vest on their scheduled dates, they settle into an equivalent number of common shares, assuming all applicable conditions are satisfied.
Do Jeffery Jon Hayward’s reported TriNet holdings include all performance-based units?
No, his reported beneficial ownership excludes unvested performance-based restricted stock units not yet earned. The total includes shares from unvested time-based restricted stock units, while additional performance-based units will be reported only when earned upon achieving the stated performance criteria.