TripAdvisor (TRIP) awards time- and performance-based RSUs to TheFork CEO
Rhea-AI Filing Summary
Ambeskovic Almir reported acquisition or exercise transactions in this Form 4 filing.
TripAdvisor, Inc. reported that Almir Ambeskovic, CEO of TheFork, received equity awards in the form of restricted stock units as compensation. He was granted 59,171 time-based RSUs tied to TripAdvisor common stock and 59,171 performance-based RSUs, all recorded as derivative securities.
The time-based RSUs vest 25% on February 15, 2027, with 6.25% vesting quarterly thereafter until fully vested on February 15, 2030. The performance-based RSUs will vest based on actual performance for the period ending December 31, 2027, with 50% settling on or about that date and the remaining 50% on December 31, 2028.
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Insights
TripAdvisor granted time-based and performance RSUs to TheFork’s CEO as routine equity compensation.
Almir Ambeskovic received two derivative awards: 59,171 time-based restricted stock units and 59,171 performance-based units, each linked to TripAdvisor common stock. The transaction code A and zero purchase price indicate these are compensation grants, not open-market purchases.
The time-based RSUs vest gradually from February 15, 2027 through February 15, 2030, aligning his retention with long-term service. The performance-based RSUs depend on metrics set by the Compensation Committee for the period ending December 31, 2027, with settlement split between 2027 and 2028, tying value directly to achieved results.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 59,171 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Performance-Based) | 59,171 | $0.00 | -- |
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.