TripAdvisor CFO exercises 2,426 RSUs
TripAdvisor, Inc. CFO & SVP Michael Noonan reported routine equity compensation activity on April 30, 2026.
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Form Type
4
Rhea-AI Filing Summary
TripAdvisor, Inc. CFO & SVP Michael Noonan reported routine equity compensation activity on April 30, 2026. He exercised 2,426 restricted stock units into common shares and had 911 shares withheld to cover tax obligations at a reference price of $11.18 per share, resulting in a net increase in directly held TripAdvisor stock.
Insider Trade Summary
2,426 shares exercised/converted
Exercise
3 txns
Insider
Noonan Michael
Role
CFO & SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,426 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,426 | $11.18 | $27K |
| Exercise Price or Tax Liability | Common Stock | 911 | $11.18 | $10K |
Holdings After Transaction:
Restricted Stock Units — 4,851 contracts (Direct);
Common Stock — 130,153 shares (Direct)
Key Figures
RSUs exercised: 2,426 shares
Tax-withheld shares: 911 shares
Reported share price: $11.18 per share
+1 more
4 metrics
RSUs exercised
2,426 shares
Restricted Stock Units converted to common stock on April 30, 2026
Tax-withheld shares
911 shares
Shares withheld to cover tax obligations on April 30, 2026
Reported share price
$11.18 per share
Reference price used for RSU conversion and tax withholding
Derivative RSU balance
4,851 units
Restricted Stock Units derivative position following the transaction
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, derivative security
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying common stock"
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 911 common shares"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for RSU conversion"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TripAdvisor (TRIP) CFO Michael Noonan report?
TripAdvisor CFO Michael Noonan exercised 2,426 restricted stock units into common stock. In connection with this vesting, 911 shares were withheld to satisfy tax liabilities, a common non-market transaction in equity compensation programs.
Was Michael Noonan’s Form 4 transaction in TRIP stock a market sale?
No. The Form 4 shows 911 TripAdvisor shares were disposed of as a tax-withholding transaction, not an open-market sale. These shares were withheld by the company to cover taxes on vested equity compensation.
How many TripAdvisor (TRIP) RSUs did the CFO convert to common stock?
Michael Noonan converted 2,426 restricted stock units into an equal number of TripAdvisor common shares. This derivative exercise reflects equity compensation vesting rather than an open-market purchase of additional shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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