TripAdvisor (NASDAQ: TRIP) grants RSU and PSU awards to Brand President
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dalton Kristen Ann reported acquisition or exercise transactions in this Form 4 filing.
TripAdvisor, Inc. reported that Kristen Ann Dalton, President, Brand Tripadvisor, received equity awards in the form of restricted stock units tied to the company’s common stock. She was granted 49,309 time-based RSUs, vesting 25% on February 15, 2027 and 6.25% quarterly until fully vested on February 15, 2030. She was also granted 49,309 performance-based RSUs as a target award, with actual vesting based on performance for the period ending December 31, 2027, settling 50% on or about that date and 50% on December 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dalton Kristen Ann
Role
President, Brand Tripadvisor
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 49,309 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Performance-Based) | 49,309 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 49,309 shares (Direct);
Restricted Stock Units (Performance-Based) — 49,309 shares (Direct)
Footnotes (1)
- Date at which first vesting occurs is indicated. 25% of the total number of RSUs vest on February 15, 2027, and 6.25% will vest quarterly thereafter. The award is fully vested on February 15, 2030. The number of PSUs to vest and settle will be based on actual performance relative to the performance metrics, targets and weightings established by the Compensation Committee for the performance period ended December 31, 2027. The number of derivative securities set forth above is the target number of PSUs. The actual number of PSUs will vest and settle 50% on or about December 31, 2027 and the remaining 50% on December 31, 2028.
FAQ
What insider transaction did TripAdvisor (TRIP) report for Kristen Ann Dalton?
TripAdvisor reported that Kristen Ann Dalton, President, Brand Tripadvisor, received equity compensation grants. She was awarded time-based restricted stock units and performance-based restricted stock units, both tied to TripAdvisor common stock, as part of her executive compensation package.
How many time-based RSUs did Kristen Ann Dalton receive at TripAdvisor (TRIP)?
Kristen Ann Dalton received 49,309 time-based restricted stock units. These RSUs vest over several years, with 25% vesting on February 15, 2027, and 6.25% vesting quarterly thereafter until the award becomes fully vested on February 15, 2030.
What are the vesting terms for Kristen Ann Dalton’s performance-based RSUs at TripAdvisor (TRIP)?
Dalton’s performance-based RSUs have a target amount of 49,309 units. The actual number that vests depends on performance metrics for the period ending December 31, 2027, with 50% settling on or about that date and 50% on December 31, 2028.
Are Kristen Ann Dalton’s RSU grants at TripAdvisor (TRIP) open-market purchases or compensation awards?
These transactions are compensation-related awards, not open-market purchases. The Form 4 classifies them under code A as grants or awards of derivative securities, reflecting part of Dalton’s equity-based compensation rather than discretionary stock buying or selling.
When do Kristen Ann Dalton’s time-based RSUs at TripAdvisor (TRIP) fully vest?
Her time-based restricted stock units begin vesting with 25% on February 15, 2027. After that, 6.25% vests each quarter, and the entire award becomes fully vested on February 15, 2030, assuming continued service and no forfeiture events.
What performance period determines Kristen Ann Dalton’s performance-based RSUs at TripAdvisor (TRIP)?
The number of performance-based RSUs that ultimately vest is tied to results over a performance period ending December 31, 2027. The award settles in two tranches: half around December 31, 2027, and the other half on December 31, 2028, based on that performance.