Form 4: TripAdvisor CEO Matt Goldberg Reports Stock Transactions
SEC Form 4 Filing
CEO Matt Goldberg reports the acquisition and disposal of TripAdvisor common stock and restricted stock units on April 1, 2025.
Summary
- On April 1, 2025, TripAdvisor CEO Matt Goldberg reported transactions involving the company's stock.
- He acquired 16,116 shares of common stock at a price of $14.17 through the exercise of restricted stock units.
- He also disposed of 7,793 shares of common stock at a price of $14.17.
- Following these transactions, Goldberg directly owns 124,498 shares of common stock.
- He also directly owns 80,579 restricted stock units.
- Linda C. Frazier, acting as attorney-in-fact, signed the report on April 2, 2025.
- A power of attorney document, effective July 1, 2022, authorizes Seth J. Kalvert and Linda C. Frazier to execute Forms 3, 4, and 5 on Goldberg's behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions themselves don't necessarily indicate positive or negative sentiment about the company's prospects. It's a neutral disclosure.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies.
- Companies like Booking Holdings (BKNG) and Expedia Group (EXPE), which are TripAdvisor's main competitors, also have similar filings when their executives trade company stock.
- The reporting requirements and formats are standardized by the SEC, ensuring comparability across different companies and industries.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures stakeholders that executives are complying with SEC regulations regarding stock ownership and trading.
Key Dates
| Date | Description |
|---|---|
| 07/01/2022 | Date of Power of Attorney execution |
| 07/01/2023 | Restricted Stock Units Date Exercisable |
| 04/01/2025 | Date of stock transactions (acquisition and disposal) |
| 04/01/2025 | Restricted Stock Units Expiration Date |
| 04/02/2025 | Date of Form 4 signature |
| 07/01/2026 | Restricted Stock Units Expiration Date |
Keywords
TripAdvisor, Matt Goldberg, stock transactions, Form 4, SEC, restricted stock units, beneficial ownership, power of attorney
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