Form 4: Expedia Director Dara Khosrowshahi Accrues Additional Stock Units Through Deferred Compensation Plan

Expedia Group, Inc. Director Dara Khosrowshahi has accrued an additional 47.103 stock units through the company's Non-Employee Director Deferred Compensation Plan, increasing his total beneficial ownership to 1,954.911 units.

Summary

• Dara Khosrowshahi, a Director of Expedia Group, Inc. (EXPE), accrued 47.103 stock units on July 1, 2025.
• The accrued units consist of 42.406 stock units in lieu of director cash compensation for the quarter ended June 30, 2025.
• An additional 4.697 stock units were accrued in connection with a dividend paid by Expedia Group, Inc. during the quarter ended June 30, 2025.
• These stock units are convertible into common stock on a 1-for-1 basis.
• The transaction price for these units was $0.0000, as they represent an accrual under a deferred compensation plan.
• Following this transaction, Dara Khosrowshahi beneficially owns a total of 1,954.911 stock units.
• The stock units are to be settled in shares of Expedia Group, Inc. common stock after Khosrowshahi's termination of services as a director.

Sentiment

Score: 7

Explanation: The filing indicates a routine, expected transaction that increases director alignment with shareholder interests, which is generally viewed positively from a corporate governance perspective.

Positives

• The accrual of stock units aligns the director's financial interests more closely with those of long-term shareholders.
• Utilizing a deferred compensation plan for directors is a sound corporate governance practice, promoting retention and commitment.

Future Outlook

The accrued stock units will be settled in shares of Expedia Group, Inc. common stock after the reporting person's termination of services as a director.

Industry Context

The practice of compensating non-employee directors with deferred stock units is a common corporate governance practice across various industries, including technology and travel, aligning director interests with long-term shareholder value.

Comparison to Industry Standards

• The compensation structure, involving deferred stock units for non-employee directors, is consistent with best practices observed in major companies within the travel and technology sectors.
• Companies like Booking Holdings (BKNG) and Airbnb (ABNB) also utilize similar equity-based compensation structures for their non-executive board members, aiming to align director incentives with company performance and shareholder returns.

Corporate Governance

Related Party Transactions

• The accrual of stock units for Director Dara Khosrowshahi under the company's deferred compensation plan constitutes a related party transaction, as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to higher equity ownership.
• Employees: No direct impact mentioned.

Next Steps

• Settlement of the stock units into common stock shares upon the director's termination of services.

Key Dates

Keywords

Expedia Group, EXPE, Dara Khosrowshahi, Director Compensation, Stock Units, Deferred Compensation, SEC Form 4, Insider Transaction, Corporate Governance