Michael Q. Simonds - Mar 15, 2024 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Role
PRESIDENT & CEO, Director
Signature
/s/ Sheryl Southwick, Attorney-in-fact
Stock symbol
TNET
Transactions as of
Mar 15, 2024
Transactions value $
$0
Form type
4
Date filed
3/19/2024, 06:43 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Award $0 +12.7K $0.00 12.7K Mar 15, 2024 Direct F1, F2
transaction TNET Common Stock Award $0 +33.4K +262.5% $0.00 46.2K Mar 15, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of a restricted stock unit award. The restricted stock unit award will vest 100% on December 31, 2024. The restricted stock unit award is also subject to accelerated vesting upon certain events.
F2 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.
F3 Represents a grant of a restricted stock unit award. The restricted stock unit award is subject to a 4-year vesting schedule: one-fourth of the total number of shares vesting on the 15th day of the second month following the one-year anniversary of the grant date, and one-sixteenth of the total number of shares vesting on the 15th day of the second month of each of the twelve calendar quarters thereafter. The restricted stock unit award is also subject to accelerated vesting upon certain events.