Form 4: TriNet Group Director Burton M. Goldfield Reports Stock Transactions
SEC Form 4 Filing
Director Burton M. Goldfield reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Burton M. Goldfield, a director at TriNet Group, Inc. (TNET), had shares withheld to cover tax obligations arising from the vesting of restricted stock units.
- A total of 1,136 shares were withheld at a price of $101.03 related to the vesting of restricted stock units granted on March 15, 2021.
- An additional 1,134 shares were withheld at the same price related to the vesting of restricted stock units granted on March 23, 2022.
- Furthermore, 1,440 shares were withheld at $101.03 related to the vesting of restricted stock units granted on March 15, 2023.
- Following these transactions, Goldfield directly owns 126,271 shares and indirectly owns 335,367 shares through a trust.
Sentiment
Score: 5
Explanation: The filing reflects routine transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates routine tax-related share withholding upon the vesting of restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/6/00 | Date of the Burton M. Goldfield and Maud Carol Goldfield Trust. |
| 03/15/2021 | Date of restricted stock unit award grant. |
| 03/23/2022 | Date of restricted stock unit award grant. |
| 03/15/2023 | Date of restricted stock unit award grant. |
| 05/15/2024 | Date of stock transactions (share withholding). |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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