Seth Kalvert of Tripadvisor (TRIP) exercises 8,032 RSUs, nets shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TripAdvisor, Inc. Chief Legal Officer & Secretary Seth J. Kalvert reported equity transactions in company stock. On February 5, 2026, performance-based restricted stock units covering 8,032 shares of common stock were exercised and converted into shares at a transaction price of $12.43 per share.
To cover associated obligations, 2,798 shares of common stock were disposed of at $12.43 per share. After these transactions, Kalvert directly beneficially owned 156,661 shares of TripAdvisor common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,032 shares exercised/converted
Mixed
3 txns
Insider
Kalvert Seth J
Role
Chief Legal Officer & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Performance-Based) | 8,032 | $0.00 | -- |
| Exercise | Common Stock | 8,032 | $12.43 | $100K |
| Tax Withholding | Common Stock | 2,798 | $12.43 | $35K |
Holdings After Transaction:
Restricted Stock Units (Performance-Based) — 8,033 shares (Direct);
Common Stock — 159,459 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did TripAdvisor (TRIP) report for Seth J. Kalvert?
TripAdvisor reported that Chief Legal Officer & Secretary Seth J. Kalvert exercised performance-based restricted stock units for 8,032 common shares on February 5, 2026, and had shares withheld or sold to cover obligations, leaving him with 156,661 directly owned shares.
What type of derivative security did TripAdvisor’s Form 4 disclose for Seth J. Kalvert?
The Form 4 disclosed performance-based restricted stock units as the derivative security for Seth J. Kalvert, covering 8,032 underlying TripAdvisor common shares that became exercisable and were converted into common stock on February 5, 2026.
What role does Seth J. Kalvert hold at TripAdvisor (TRIP) in this Form 4?
In this Form 4, Seth J. Kalvert is identified as an officer of TripAdvisor, serving as Chief Legal Officer & Secretary, and the filing reflects his direct beneficial ownership of the reported common stock and derivative equity awards.