Groupon (GRPN) COO’s performance shares vest; stock withheld for taxes
Rhea-AI Filing Summary
Groupon, Inc. Chief Operating Officer Jiri Ponrt exercised performance-based equity awards and settled related taxes in stock. On March 12, 2026, he exercised performance share units (PSUs) into 6,471 shares of common stock, granted in 2025 and contingent on remediation of a previously disclosed material weakness and continuous employment. The Compensation Committee certified both conditions as achieved on March 12, 2026, causing the PSUs to fully vest and convert into shares. To satisfy mandatory tax withholding, 3,210 shares of common stock were withheld at $9.66 per share, which the company notes is not an open market sale. Following these routine compensation and tax-withholding transactions, Ponrt directly owns 192,156 shares of Groupon common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 2,157 | $0.00 | -- |
| Exercise | Performance Share Units | 2,157 | $0.00 | -- |
| Exercise | Performance Share Units | 2,157 | $0.00 | -- |
| Exercise | Common Stock | 2,157 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,070 | $9.66 | $10K |
| Exercise | Common Stock | 2,157 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,070 | $9.66 | $10K |
| Exercise | Common Stock | 2,157 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,070 | $9.66 | $10K |
Footnotes (1)
- Shares withheld to satisfy the mandatory tax withholding requirement upon the vesting of performance share units ("PSUs"). This is not an open market sale of securities. Each PSU represents a contingent right to receive one share of Groupon, Inc. (the "Issuer") common stock. These PSUs were granted by the Compensation Committee of the Issuer's Board of Directors (the "Committee") on May 12, 2025. The number of shares of common stock to be acquired on vesting is contingent upon the following conditions: (1) the remediation of the Issuer's previously disclosed material weakness over a two-year performance period beginning on May 1, 2025, and ending on May 1, 2027; and (2) continuous employment. The PSUs will vest immediately upon certification of the achievement of both conditions by the Committee. On March 12, 2026, the Committee certified that both conditions have been achieved, and the PSUs are fully vested as of March 12, 2026. These PSUs were granted by the Committee on June 18, 2025. The number of shares of common stock to be acquired on vesting is contingent upon the following conditions: (1) the remediation of the Issuer's previously disclosed material weakness over a two-year performance period beginning on May 1, 2025, and ending on May 1, 2027; and (2) continuous employment. The PSUs will vest immediately upon certification of the achievement of both conditions by the Committee. On March 12, 2026, the Committee certified that both conditions have been achieved, and the PSUs are fully vested as of March 12, 2026. These PSUs were granted by the Committee on August 11, 2025. The number of shares of common stock to be acquired on vesting is contingent upon the following conditions: (1) the remediation of the Issuer's previously disclosed material weakness over a two-year performance period beginning on May 1, 2025, and ending on May 1, 2027; and (2) continuous employment. The PSUs will vest immediately upon certification of the achievement of both conditions by the Committee. On March 12, 2026, the Committee certified that both conditions have been achieved, and the PSUs are fully vested as of March 12, 2026.