Form 4: Expedia Group Director Patricia Menendez-Cambo Reports Stock Unit Acquisition

Director Patricia Menendez-Cambo reports acquisition of Expedia Group stock units through a deferred compensation plan.

Summary

• Patricia Menendez-Cambo, a director of Expedia Group, Inc., filed a Form 4 on October 1, 2024.
• The report details the acquisition of 109.782 stock units.
• These stock units were accrued under the Expedia Group, Inc. Non-Employee Director Deferred Compensation Plan in lieu of director cash compensation for the quarter ended September 30, 2024.
• 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 beneficially owns 1,502.619 stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns interests with shareholders.

Positives

• The acquisition of stock units aligns the director's interests with those of the shareholders.
• The deferred compensation plan allows for tax-efficient accumulation of company stock.

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

Directors often receive stock-based compensation to align their interests with shareholders and incentivize long-term value creation. Deferred compensation plans are a common tool for this purpose.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across the industry, with companies like Booking Holdings (BKNG) and Airbnb (ABNB) also utilizing similar methods to incentivize their board members.
• The amount of stock units granted is likely determined by Expedia Group's compensation policies and benchmarks against peer companies.

Related Party Transactions

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

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director incentives with company performance.

Key Dates