TriNet (NYSE: TNET) awards 23,130 RSUs to SVP and CLO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Majalya Sidney A. reported acquisition or exercise transactions in this Form 4 filing.
TRINET GROUP, INC. reported that SVP, CLO and Secretary Sidney A. Majalya received a grant of 23,130 shares of Common Stock in the form of restricted stock units as compensation. These units vest over four years, with one-sixteenth vesting quarterly on the 15th day of the second month of each calendar quarter after the grant date, and may vest faster upon certain events. After this grant, Majalya beneficially owns 56,525 shares, including unvested restricted stock units but excluding any performance-based units that will only be reported if earned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Majalya Sidney A.
Role
SVP, CLO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,130 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 56,525 shares (Direct)
Footnotes (1)
- Represents a grant of a restricted stock unit award. The restricted stock unit award is subject to a 4-year vesting schedule: one-sixteenth of the total number of shares vesting quarterly on the 15th day of the second month of each calendar quarter following the grant date. The restricted stock unit award is also subject to accelerated vesting upon certain events. The total securities beneficially owned includes shares of unvested restricted stock units. It excludes unvested performance-based restricted stock units which will be reported when earned upon achievement of certain performance criteria.
FAQ
What insider transaction did TriNet Group (TNET) report for Sidney A. Majalya?
TriNet reported that Sidney A. Majalya received a grant of 23,130 restricted stock units of Common Stock. This is a compensation-related award at no cash cost per share, rather than an open-market purchase or sale of TriNet Group stock.
How do the 23,130 restricted stock units granted to TNET executive Sidney A. Majalya vest?
The 23,130 restricted stock units vest over four years, with one-sixteenth of the total vesting quarterly. Vesting occurs on the 15th day of the second month of each calendar quarter following the grant date and may accelerate upon certain events.
What is Sidney A. Majalya’s total beneficial ownership in TriNet Group (TNET) after this Form 4?
After the grant, Sidney A. Majalya beneficially owns 56,525 TriNet shares. This total includes unvested restricted stock units but excludes performance-based restricted stock units, which will only be reported if they are actually earned upon achieving specified performance criteria.
Is the Form 4 transaction for TriNet Group (TNET) an open-market buy or sell?
The transaction is not an open-market buy or sell. It is a grant of 23,130 restricted stock units as compensation, reported under transaction code A, with a price of $0.00 per share, meaning no cash was paid to acquire the award.
Does Sidney A. Majalya’s TriNet (TNET) ownership include performance-based restricted stock units?
Majalya’s reported beneficial ownership specifically excludes unvested performance-based restricted stock units. These performance-based units will only be reported in ownership totals when they are earned, which depends on meeting certain performance criteria defined by TriNet’s compensation arrangements.