Jonathan D. Lee - Mar 24, 2022 Form 3 Insider Report for TRINET GROUP, INC. (TNET)

Role
PRINCIPAL ACCOUNTING OFFICER
Signature
/s/ Sheryl Southwick, Attorney-in-fact
Stock symbol
TNET
Transactions as of
Mar 24, 2022
Transactions value $
$0
Form type
3
Date filed
4/1/2022, 06:56 PM
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TNET Common Stock 16.8K Mar 24, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 2,996 unvested restricted stock units ("RSUs") from an award of 11,983 RSUs granted on May 8, 2019. The RSUs are subject to a 4-year vesting schedule: one-fourth of the total number of shares vesting on the first anniversary of the grant date, and thereafter 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 RSUs are subject to continued service through each such vesting date and are subject to accelerated vesting upon certain events. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F2 Reflects 2,838 unvested restricted stock units ("RSUs") from an award of 5,676 RSUs granted on February 28, 2020; 2,241 unvested RSUs from an award of 2,988 granted on March 15, 2021; and 2,702 unvested RSUs granted on March 23, 2022. The RSUs are 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 dates. The RSUs are subject to continued service through each such vesting date and are subject to accelerated vesting upon certain events. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F3 Reflects 5,976 unvested performance-based restricted stock units ("PRSUs") that was determined to be earned based on performance for the period ending December 31, 2021. The PRSUs will vest as follows: 50% on December 31, 2022 and 50% on December 31, 2023. The PRSUs are subject to continued service through each such vesting date and are subject to accelerated vesting upon certain events. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.