TripAdvisor (NASDAQ: TRIP) director granted 19,171 shares, corrects Form 4 error
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
TripAdvisor, Inc. director Jeremy Philips received a grant of 19,171 shares of common stock at a price of $0.00 per share, classified as a grant, award, or other acquisition. After this award, he directly beneficially owns 92,654 shares of TripAdvisor common stock.
The amended Form 4 also corrects a prior inadvertent error that overstated his beneficial ownership by 13,616 shares. The amount now reported in Column 5 reflects the corrected number of securities beneficially owned following the reported transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Philips Jeremy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,171 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 92,654 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Share grant: 19,171 shares
Grant price: $0.00 per share
Shares owned after transaction: 92,654 shares
+1 more
4 metrics
Share grant
19,171 shares
Common stock grant to director on June 18, 2025
Grant price
$0.00 per share
Price per share for the 19,171-share award
Shares owned after transaction
92,654 shares
Beneficially owned following the reported grant
Prior overstatement
13,616 shares
Amount by which ownership was previously overstated
Key Terms
beneficially owned, Form 4, Grant, award, or other acquisition, beneficially owned following reported transactions
4 terms
beneficially owned financial
"incorrectly reported the amount of securities beneficially owned following reported transactions"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 4 regulatory
"Due to an inadvertent error, the Form 4 filed on June 20, 2025 incorrectly reported"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
beneficially owned following reported transactions financial
"caused the amount of securities beneficially owned following reported transactions to be overstated"
FAQ
What insider transaction did TripAdvisor (TRIP) report for Jeremy Philips?
TripAdvisor reported that director Jeremy Philips received a grant of 19,171 shares of common stock at $0.00 per share. This is a compensation-related award classified as a “grant, award, or other acquisition,” rather than an open-market purchase or sale.
What error does this amended TripAdvisor (TRIP) Form 4/A correct?
The amended filing corrects an inadvertent error in a prior Form 4 that overstated Jeremy Philips’ beneficial ownership by 13,616 shares. The new amount reported in Column 5 is stated to be the correct number of securities beneficially owned following the reported transactions.