Form 4: Expedia Group Director Increases Holdings Through Stock Unit Acquisition

Patricia Menendez-Cambo, an Expedia Group director, acquired additional stock units through the company's Non-Employee Director Deferred Compensation Plan.

Summary

• On April 1, 2025, Patricia Menendez-Cambo, a director of Expedia Group, Inc., acquired 100.43 stock units.
• These stock units were accrued under the Expedia Group, Inc. Non-Employee Director Deferred Compensation Plan.
• 96.669 stock units were in lieu of director cash compensation for the quarter ended March 31, 2025, and 3.761 stock units were accrued in connection with a dividend paid during the same quarter.
• The stock units are convertible into common stock on a 1-for-1 basis and will be settled in shares of common stock after the director's termination of services.
• Following the transaction, Menendez-Cambo directly owns 1,690.26 stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction under a pre-existing compensation plan. The increased ownership is mildly positive, but not significantly impactful.

Positives

• The director's increased stake in the company could be seen as a positive signal.
• The use of a deferred compensation plan aligns director interests with long-term shareholder value.

Future Outlook

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

Industry Context

Director ownership changes are common and closely watched indicators of management's confidence in the company's future prospects. Deferred compensation plans are a typical way to align director and shareholder interests.

Comparison to Industry Standards

• Director compensation packages vary widely across the travel and technology industries.
• Companies like Booking Holdings (BKNG) and Airbnb (ABNB) also utilize stock-based compensation for their directors.
• The specific terms of Expedia's Non-Employee Director Deferred Compensation Plan would need to be compared to those of its peers to assess its relative attractiveness and impact on director alignment.

Related Party Transactions

• The accrual of stock units under the Non-Employee Director Deferred Compensation Plan is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholders through equity ownership.

Key Dates

Keywords

Expedia Group, Director, Stock Units, Deferred Compensation, Beneficial Ownership, EXPE