TriNet (TNET) awards 26,435 RSUs to EVP for strategy role
Rhea-AI Filing Summary
Venkataramani Jayaraman reported acquisition or exercise transactions in this Form 4 filing.
TRINET GROUP, INC. executive Venkataramani Jayaraman, EVP Strategy, Products & Transformation, received a grant of 26,435 shares of common stock as a restricted stock unit award. The grant has no purchase price and is compensation rather than an open‑market purchase.
The award vests over four years, with one-sixteenth of the total shares vesting quarterly on the 15th day of the second month of each calendar quarter following the grant date, and is subject to accelerated vesting upon certain events. Following this grant, Jayaraman directly beneficially owns 101,899 shares, which include unvested restricted stock units but exclude unvested performance-based restricted stock units that will be reported when earned.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,435 | $0.00 | -- |
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 did TriNet Group (TNET) report in this Form 4 filing?
What is the vesting schedule for Venkataramani Jayaraman’s new TriNet restricted stock units?
Are performance-based restricted stock units included in Jayaraman’s reported TriNet holdings?