Form 4: Expedia Group Vice Chairman Peter Kern Reports Stock Transactions

Peter Kern, Vice Chairman of Expedia Group, reports the vesting of restricted stock units and subsequent stock transactions, including tax withholding and a transfer to a revocable living trust.

Summary

• On June 1, 2024, Peter Kern, Vice Chairman of Expedia Group, exercised 500,000 restricted stock units (RSUs) into common stock.
• Simultaneously, 195,706 shares were withheld for payment of taxes due in connection with the vesting of these RSUs at a price of $112.86 per share.
• Kern also transferred 153,017.723 shares of Expedia Group common stock to a Revocable Living Trust.
• Following these transactions, Kern directly owns 304,294 shares and indirectly owns 153,017.723 shares through the trust.
• The RSUs vest over time, with one-half vesting on June 1, 2024, and the remaining vesting in equal installments on each anniversary thereafter until fully vested, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment. It simply reflects the execution of previously granted compensation and estate planning.

Future Outlook

The remaining RSUs will vest in equal installments on each anniversary of the first vesting date until fully vested, subject to continued employment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• Tax withholding upon vesting of RSUs is a standard practice to cover income tax obligations.
• Transferring shares to a revocable living trust is a common estate planning strategy for high-net-worth individuals.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal executive compensation and estate planning.

Key Dates