Form 4: Expedia Group SVP Lance A. Soliday Reports Stock Transactions

Sentiment:

SEC Form 4 Filing


Lance A. Soliday, SVP & Chief Accounting Officer of Expedia Group, Inc., reports the vesting of restricted stock units and subsequent tax withholding on August 15, 2024.

Summary

  • On August 15, 2024, Lance A. Soliday, SVP & Chief Accounting Officer of Expedia Group, Inc., reported transactions involving Expedia Group's common stock.
  • These transactions involved the vesting of restricted stock units (RSUs) and the withholding of shares for tax obligations.
  • Soliday acquired 329 shares, 252 shares, 200 shares and 180 shares of common stock through the vesting of RSUs at a price of $0.00 per share.
  • 236 shares were disposed of to cover tax obligations at a price of $129.03 per share.
  • Following these transactions, Soliday directly owns 11,912 shares of Expedia Group common stock and holds derivative securities.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Expedia Group. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

  • Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
  • Companies like Booking Holdings (BKNG) and Airbnb (ABNB) also have executives who regularly file Form 4s to report similar transactions.
  • The vesting schedules of restricted stock units, such as the one-sixteenth quarterly vesting described, are common compensation practices.

Stakeholder Impact

  • The transactions have a minimal direct impact on shareholders, as they relate to executive compensation and do not represent a significant change in the company's financial position.

Key Dates

DateDescription
05/15/2021Date at which first vesting occurs for some restricted stock units.
05/15/2022Date at which first vesting occurs for some restricted stock units.
05/15/2023Date at which first vesting occurs for some restricted stock units.
05/15/2024Date at which first vesting occurs for some restricted stock units.
08/15/2024Date of transactions: vesting of restricted stock units and tax withholding.
08/16/2024Date of signature on the Form 4 filing.
02/15/2025Expiration date for some restricted stock units.
02/15/2026Expiration date for some restricted stock units.
02/15/2027Expiration date for some restricted stock units.
02/15/2028Expiration date for some restricted stock units.

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