Tripadvisor (TRIP) exec uses 7,402 shares for taxes after RSU exercise
Rhea-AI Filing Summary
TripAdvisor, Inc. (TRIP) reported that CFO & SVP Michael Noonan exercised previously granted Restricted Stock Units into common stock on August 14, 2026. Three RSU awards covering 15,309 common shares were converted, and 7,402 shares of common stock were delivered or withheld to cover the exercise price or tax liability. The transactions are reported as direct ownership and do not reflect any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,907 shares
Net Buy
9 txns
Insider
Noonan Michael
Role
CFO & SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,215 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,758 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 7,336 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,215 | $10.97 | $46K |
| Exercise Price or Tax Liability | Common Stock | 2,038 | $10.97 | $22K |
| Exercise | Common Stock | 3,758 | $10.97 | $41K |
| Exercise Price or Tax Liability | Common Stock | 1,817 | $10.97 | $20K |
| Exercise | Common Stock | 7,336 | $10.97 | $80K |
| Exercise Price or Tax Liability | Common Stock | 3,547 | $10.97 | $39K |
Holdings After Transaction:
Restricted Stock Units — 104,334 shares (Direct);
Common Stock — 147,217 shares (Direct)
Key Figures
Total RSU exercises: 15,309 shares
Shares delivered/withheld for exercise price or taxes: 7,402 shares
RSU lot 1: 4,215 units
+3 more
6 metrics
Total RSU exercises
15,309 shares
Underlying common shares from RSU exercises (transactionSummary.exerciseShares)
Shares delivered/withheld for exercise price or taxes
7,402 shares
Common shares for payment of exercise price or tax liability (code F)
RSU lot 1
4,215 units
Restricted Stock Units converting into 4,215 common shares at $0.0000 exercise price
RSU lot 2
3,758 units
Restricted Stock Units converting into 3,758 common shares at $27.0300 per unit
RSU lot 3
7,336 units
Restricted Stock Units converting into 7,336 common shares at $14.9100 per unit
Common stock transaction price
$10.97 per share
Price reported for common stock acquired and delivered/withheld on August 14, 2026
Key Terms
Restricted Stock Units, derivative security, Payment of exercise price or tax liability
3 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Payment of exercise price or tax liability financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering or withholding securities""
FAQ
What insider transaction did TRIP executive Michael Noonan report on this Form 4?
Michael Noonan reported exercising Restricted Stock Units into TripAdvisor common stock on August 14, 2026. Three RSU grants were converted into 15,309 common shares, with some of the resulting shares delivered or withheld to cover exercise price or tax obligations.
What were the key prices involved in Michael Noonan’s TRIP RSU transactions?
The RSU conversions reference exercise or conversion prices of $0.00, $27.03, and $14.91 per unit. Related common stock entries show a transaction price of $10.97 per share for both acquired shares and those delivered or withheld for exercise price or taxes.
Were Michael Noonan’s TRIP transactions market buys or sales of common stock?
The Form 4 reports derivative exercises and related share deliveries, not open-market trades. Code M entries reflect RSU exercises into common stock, and code F entries reflect shares delivered or withheld to pay exercise price or tax liability, rather than ordinary market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
