Form 4: TriNet Group Executive Jeffrey Hayward Reports Stock Disposals for Tax Obligations
SEC Form 4
Chief Technology Officer Jeffrey Jon Hayward of TriNet Group, Inc. reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 15, 2025, Jeffrey Jon Hayward, Chief Technology Officer of TriNet Group, Inc., disposed of shares of common stock to satisfy tax withholding obligations.
- These disposals were related to the vesting of restricted stock unit awards granted on July 15, 2022, March 15, 2023, and March 15, 2024.
- A total of 538 shares were disposed of at a price of $77.59 per share.
- Following these transactions, Hayward beneficially owns 21,231 shares of TriNet Group, Inc., including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| July 15, 2022 | Date of grant for a portion of the restricted stock unit award. |
| March 15, 2023 | Date of grant for a portion of the restricted stock unit award. |
| March 15, 2024 | Date of grant for a portion of the restricted stock unit award. |
| February 15, 2025 | Date of stock disposal for tax obligations. |
| February 19, 2025 | Date of signature for the Form 4 filing. |
Keywords
TriNet Group, TNET, Jeffrey Hayward, Form 4, Stock Disposal, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Chief Technology Officer
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