Form 4: Expedia Group's Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Robert J. Dzielak, Chief Legal Officer & Secretary of Expedia Group, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Robert J. Dzielak, the Chief Legal Officer & Secretary of Expedia Group, filed a Form 4 detailing changes in beneficial ownership of Expedia Group, Inc. stock on May 17, 2024.
- On May 15, 2024, Dzielak vested restricted stock units, acquiring a total of 4,428 shares of common stock.
- Simultaneously, 1,770 shares were withheld to cover tax obligations related to the vesting of these restricted stock units at a price of $113.48 per share.
- Following these transactions, Dzielak directly owns 86,701 shares of Expedia Group, Inc. common stock.
- The restricted stock units vest in one-sixteenth increments on the 15th day of the second month of each quarter, starting from the initial vesting date.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are standard practice among publicly traded companies like Expedia, including Booking Holdings (BKNG) and Airbnb (ABNB).
- The vesting schedules and tax withholding practices are typical components of equity-based compensation plans.
- The size of the holdings is not disimilar to other Chief Legal Officers at similar companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- Employees may be interested in the details of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 05/15/2021 | First vesting date for some restricted stock units. |
| 05/15/2022 | First vesting date for some restricted stock units. |
| 05/15/2023 | First vesting date for some restricted stock units. |
| 05/15/2024 | Transaction date for vesting of restricted stock units and tax withholding. |
| 02/15/2025 | Expiration date for some restricted stock units. |
| 02/15/2026 | Expiration date for some restricted stock units. |
| 02/15/2027 | Expiration date for some restricted stock units. |
| 02/15/2028 | Expiration date for some restricted stock units. |
| 05/17/2024 | Date of Form 4 filing. |
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