TripAdvisor (NASDAQ: TRIP) CAO exercises RSUs and uses 1,304 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TripAdvisor, Inc. insider Geoffrey Gouvalaris, the Chief Accounting Officer, reported routine equity compensation activity involving restricted stock units that settled into common stock on May 15, 2026. He exercised derivative awards covering 4,437 shares of common stock through multiple transactions labeled as exercises of derivative securities.
To cover tax obligations associated with these equity awards, Gouvalaris had a total of 1,304 shares of common stock withheld at a price of $9.60 per share, reported under tax-withholding disposition codes. Following these transactions, he directly holds 103,218 shares of TripAdvisor common stock. Footnote disclosure indicates that at least one RSU grant vests with 25% on February 15, 2026 and 6.25% quarterly thereafter until fully vested on February 15, 2029, highlighting an ongoing vesting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,437 shares exercised/converted
Mixed
9 txns
Insider
Gouvalaris Geoffrey
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,370 | $0.00 | -- |
| Exercise | Restricted Stock Units | 867 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,200 | $0.00 | -- |
| Exercise | Common Stock | 1,370 | $9.60 | $13K |
| Tax Withholding | Common Stock | 403 | $9.60 | $4K |
| Exercise | Common Stock | 867 | $9.60 | $8K |
| Tax Withholding | Common Stock | 255 | $9.60 | $2K |
| Exercise | Common Stock | 2,200 | $9.60 | $21K |
| Tax Withholding | Common Stock | 646 | $9.60 | $6K |
Holdings After Transaction:
Restricted Stock Units — 4,111 shares (Direct, null);
Common Stock — 103,621 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU-related exercises: 4,437 shares
Tax-withholding shares: 1,304 shares
Withholding price: $9.60 per share
+5 more
8 metrics
RSU-related exercises
4,437 shares
Total derivative exercises reported on May 15, 2026
Tax-withholding shares
1,304 shares
Shares delivered at $9.60 to cover tax obligations
Withholding price
$9.60 per share
Price applied to tax-withholding dispositions of common stock
Post-transaction holdings
103,218 shares
Common stock directly owned after transactions
RSU conversion price 1
$14.91
Conversion or exercise price for a 2,200-share RSU grant
RSU conversion price 2
$27.03
Conversion or exercise price for an 867-share RSU grant
RSU vesting start
February 15, 2026
25% of total RSUs vest on this date per footnote
RSU full vesting date
February 15, 2029
Footnote states award fully vests on this date
Key Terms
Restricted Stock Units, tax-withholding disposition, Exercise or conversion of derivative security, derivative security, +2 more
6 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
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.
vesting financial
"25% of the total number of RSUs vest on February 15, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
fully vested financial
"The award is fully vested on February 15, 2029"
FAQ
What did TripAdvisor (TRIP) insider Geoffrey Gouvalaris report in this Form 4?
Geoffrey Gouvalaris reported routine equity compensation activity. He exercised restricted stock unit awards into common stock and had a portion of shares withheld to cover taxes, while increasing his direct ownership in TripAdvisor common stock through these derivative exercises.
Were any of Geoffrey Gouvalaris’s TripAdvisor (TRIP) transactions open-market buys or sells?
No open-market buys or sells are shown. The Form 4 lists derivative exercises and tax-withholding dispositions, where shares are issued from equity awards and some are used to pay taxes, which differs from discretionary buying or selling on the stock market.
What does the RSU vesting schedule disclosure mean for TripAdvisor (TRIP) insider equity?
One RSU grant vests 25% on February 15, 2026, then 6.25% quarterly until fully vested on February 15, 2029. This schedule indicates Gouvalaris has ongoing potential future share deliveries tied to continued service and the outlined vesting milestones.