Martin Babinec - Mar 24, 2022 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Role
Director
Signature
/s/ Sheryl Southwick, Attorney-in-fact
Stock symbol
TNET
Transactions as of
Mar 24, 2022
Transactions value $
$0
Form type
4
Date filed
3/28/2022, 06:53 PM
Previous filing
Mar 11, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Award $0 +2.1K +81.48% $0.00 4.68K Mar 24, 2022 Direct F1
holding TNET Common Stock 2.18M Mar 24, 2022 By Trust F2
holding TNET Common Stock 456K Mar 24, 2022 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the grant of Restricted Stock Units that convert into Common Stock, par value $0.000025 per share, of the Issuer, on a one-for-one basis. The Restricted Stock Units will vest 100% on the date of the Company's 2023 Annual Meeting of the Stockholders, subject to the director's continued service. The Restricted Stock Units are also subject to accelerated vesting upon certain events.
F2 Shares held directly by the Babinec Family Trust (the "Family Trust"). The Reporting Person and his spouse serve as trustees and beneficiaries of the Family Trust.
F3 Shares held directly by the Babinec 2008 Children's Trust (the "Children's Trust"). The Reporting Person and his spouse serve as trustees and his spouse serves as a beneficiary of the Children's Trust.