Form 4: Expedia Group CFO Julie Whalen Reports Stock Transactions
SEC Form 4 Filing
Julie Whalen, CFO of Expedia Group, reports the acquisition and disposal of common stock and restricted stock units on August 15, 2024.
Summary
- On August 15, 2024, Julie Whalen, the Chief Financial Officer of Expedia Group, executed transactions involving Expedia Group's common stock and restricted stock units.
- Whalen acquired 1,954 shares and 1,819 shares of common stock through the vesting of restricted stock units.
- She also disposed of 1,680 shares to cover tax obligations related to the vesting of restricted stock units at a price of $129.03 per share.
- Following these transactions, Whalen directly owns 16,044 shares of Expedia Group common stock and holds 27,356 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like Expedia, similar to filings made by executives at Booking Holdings (BKNG) and Airbnb (ABNB).
- The vesting schedules of restricted stock units, such as the one-sixteenth quarterly vesting described, are typical compensation structures used across the tech and travel industries to incentivize long-term performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/15/2023 | Date at which first vesting occurs for some restricted stock units. |
| 05/15/2024 | Date at which first vesting occurs for some restricted stock units. |
| 08/15/2024 | Date of the reported transactions involving common stock and restricted stock units. |
| 08/16/2024 | Date of signature for the Form 4 filing. |
| 02/15/2027 | Expiration date for some restricted stock units. |
| 02/15/2028 | Expiration date for some restricted stock units. |
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