Form 4: Expedia Group Director Barry Diller Reports Stock Transactions
SEC Form 4 Filing
Barry Diller, a Director and Chairman & Sr. Executive of Expedia Group, Inc., reported the acquisition of common stock through the vesting of restricted stock units and the withholding of shares for tax obligations.
Summary
- On August 15, 2024, Barry Diller, a Director and Chairman & Sr. Executive of Expedia Group, Inc., reported transactions involving Expedia Group's common stock.
- Diller acquired shares through the vesting of restricted stock units.
- Specifically, 3,940 shares vested from units originating on May 15, 2023, 2,455 shares from units originating on May 15, 2021, 2,242 shares from units originating on May 15, 2022, and 1,473 shares from units originating on May 15, 2024.
- 5,592 shares were withheld for payment of taxes due in connection with the vesting of restricted stock units at a price of $129.03.
- Following these transactions, Diller directly owns 128,777 shares of Expedia Group common stock.
- Diller also owns 4,911 restricted stock units originating on May 15, 2021, 13,453 restricted stock units originating on May 15, 2022, 39,404 restricted stock units originating on May 15, 2023, and 20,622 restricted stock units originating on May 15, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to stock transactions. The vesting of restricted stock units is generally a positive sign, but the withholding of shares for taxes is a neutral event.
Positives
- The vesting of restricted stock units indicates that performance milestones have been met, which is a positive sign.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis, with firms like Thomson Reuters and FactSet providing tools to track and analyze these filings.
- Comparing Diller's transactions to those of other executives in similar roles at companies like Booking Holdings (BKNG) or Airbnb (ABNB) can provide context on executive compensation and stock ownership trends in the travel industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation practices.
- Employees holding restricted stock units are positively impacted as their units vest over time.
Key Dates
| Date | Description |
|---|---|
| 05/15/2021 | Date at which first vesting occurs for 2,455 restricted stock units; one-sixteenth vests on this date and an additional one-sixteenth on the fifteenth day of the second month in each quarter thereafter until fully vested. |
| 05/15/2022 | Date at which first vesting occurs for 2,242 restricted stock units; one-sixteenth vests on this date and an additional one-sixteenth on the fifteenth day of the second month in each quarter thereafter until fully vested. |
| 05/15/2023 | Date at which first vesting occurs for 3,940 restricted stock units; one-sixteenth vests on this date and an additional one-sixteenth on the fifteenth day of the second month in each quarter thereafter until fully vested. |
| 05/15/2024 | Date at which first vesting occurs for 1,473 restricted stock units; one-sixteenth vests on this date and an additional one-sixteenth on the fifteenth day of the second month in each quarter thereafter until fully vested. |
| 08/15/2024 | Date of the reported transactions: vesting of restricted stock units and withholding of shares for taxes. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
| 02/15/2025 | Expiration date for 2,455 restricted stock units originating on May 15, 2021. |
| 02/15/2026 | Expiration date for 2,242 restricted stock units originating on May 15, 2022. |
| 02/15/2027 | Expiration date for 3,940 restricted stock units originating on May 15, 2023. |
| 02/15/2028 | Expiration date for 1,473 restricted stock units originating on May 15, 2024. |
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