TripAdvisor (TRIP) CLO updates Form 4 for 18,070 tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
TripAdvisor, Inc. insider Seth J. Kalvert, the Chief Legal Officer and Secretary, filed an amended Form 4 to update a prior report. The amendment reflects that 18,070 shares of common stock were withheld at $11.13 per share to cover tax withholding obligations tied to earlier reported equity transactions. Following this tax-withholding disposition, Kalvert directly holds 201,479 shares of TripAdvisor common stock. This event is a mechanical tax payment method rather than an open-market stock sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kalvert Seth J
Role
Chief Legal Officer & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 18,070 | $11.13 | $201K |
Holdings After Transaction:
Common Stock — 201,479 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 18,070 shares
Withholding price: $11.13 per share
Shares owned after transaction: 201,479 shares
3 metrics
Tax-withheld shares
18,070 shares
Shares withheld to satisfy tax obligations
Withholding price
$11.13 per share
Price used for tax-withholding disposition
Shares owned after transaction
201,479 shares
Direct holdings following tax withholding
Key Terms
tax withholding obligations, Form 4, tax-withholding disposition
3 terms
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations in connection with the transactions"
Form 4 regulatory
"transactions reported on Form 4 on May 5, 2026"
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did TripAdvisor (TRIP) report for Seth J. Kalvert?
TripAdvisor reported that Chief Legal Officer Seth J. Kalvert had 18,070 shares of common stock withheld to cover tax obligations. This was an administrative tax-withholding disposition tied to earlier equity transactions, not an open-market purchase or sale of TripAdvisor shares.
Why did TripAdvisor (TRIP) file an amended Form 4 for Seth J. Kalvert?
The amended Form 4 was filed solely to reflect shares withheld for tax obligations related to transactions reported on an earlier Form 4 dated May 5, 2026. All other information in the original insider transaction report remains unchanged.