Global Business Travel (GBTG) director granted 23,429 RSUs as equity pay

Rhea-AI Filing Summary

Global Business Travel Group, Inc. director Susan F. Ward reported receiving an equity grant in the form of restricted stock units tied to the company’s Class A common stock. She was awarded 23,429 units at no cash cost as part of the non-employee director compensation program.

The restricted stock units will convert into an equal number of common shares when they vest and will fully vest on the date of the company’s next annual stockholders’ meeting. Following this award, Ward directly holds 120,526 shares of Class A common stock, reflecting routine, compensation-related equity rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ward Susan F

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	23,429	$0.00	--

Holdings After Transaction: Class A Common Stock — 120,526 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 23,429 units Grant price: $0.0000 per share Total holdings after grant: 120,526 shares

3 metrics

RSU grant size 23,429 units Restricted stock units awarded to Susan F. Ward as director compensation

Grant price $0.0000 per share Compensation-related RSU award with no cash purchase

Total holdings after grant 120,526 shares Susan F. Ward’s direct Class A common stock holdings following the award

Key Terms

restricted stock units, non-employee director compensation program, vest, automatically convert

4 terms

restricted stock units financial

"Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program."

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.

non-employee director compensation program financial

"Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program."

vest financial

"Award will fully vest on the date of the Issuer's next annual stockholders' meeting."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

automatically convert financial

"Units automatically convert to Issuer common stock upon vesting on a one-to-one basis."

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ward Susan F

(Last) (First) (Middle)

C/O GLOBAL BUSINESS TRAVEL GROUP, INC.

666 THIRD AVENUE

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Global Business Travel Group, Inc. [ GBTG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/13/2026		A		23,429(1)	A	$0.00	120,526	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's next annual stockholders' meeting.

Remarks:

	Jennifer Giampietro, as Attorney-in-Fact	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Global Business Travel Group (GBTG) director Susan F. Ward report on this Form 4?

Susan F. Ward reported an equity grant of restricted stock units for 23,429 shares of Class A common stock. The award is part of Global Business Travel Group’s non-employee director compensation program and involves no cash purchase.

How many Global Business Travel Group (GBTG) shares did Susan F. Ward receive in this grant?

She received 23,429 restricted stock units linked to Class A common stock. Each unit converts into one share upon vesting, increasing her direct equity exposure through compensation rather than an open-market transaction.

When do Susan F. Ward’s Global Business Travel Group (GBTG) restricted stock units vest?

The restricted stock units will fully vest on the date of Global Business Travel Group’s next annual stockholders’ meeting. At vesting, they automatically convert into an equal number of Class A common shares.

What is Susan F. Ward’s total Global Business Travel Group (GBTG) holding after this transaction?

After the award, Susan F. Ward directly holds 120,526 shares of Class A common stock. This total reflects her existing holdings plus the new restricted stock unit grant reported in the Form 4.

Did Susan F. Ward buy or sell Global Business Travel Group (GBTG) shares on the open market?

No open-market buy or sell occurred. The Form 4 reports a grant of restricted stock units at zero price, received as part of the non-employee director compensation program rather than a market transaction.

How do the Global Business Travel Group (GBTG) restricted stock units convert into shares?

Each restricted stock unit converts automatically into one share of Class A common stock when it vests. The award disclosed specifies one-to-one conversion and full vesting at the next annual stockholders’ meeting.