Form 4: TripAdvisor Executive Seth Kalvert Reports Stock Transactions
SEC Form 4 Filing
Chief Legal Officer Seth Kalvert reported the acquisition and disposal of TripAdvisor, Inc. common stock and restricted stock units on May 15, 2024.
Summary
- On May 15, 2024, Seth Kalvert, Chief Legal Officer & Secretary of TripAdvisor, Inc., reported transactions involving the company's common stock and restricted stock units.
- Kalvert acquired shares through the vesting of restricted stock units and disposed of shares to cover tax obligations.
- Specifically, 1,357, 7,679, and 3,161 shares were acquired through restricted stock unit vesting.
- A total of 453, 3,519, and 1,529 shares were disposed of at a price of $19.25 to satisfy tax withholding requirements.
- Following these transactions, Kalvert directly owns 102,055 shares of TripAdvisor common stock.
- Kalvert also owns 4,073, 23,064, and 34,777 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
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.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date exercisable for 1,357 Restricted Stock Units |
| 02/15/2023 | Date exercisable for 7,679 Restricted Stock Units |
| 02/15/2024 | Date exercisable for 3,161 Restricted Stock Units |
| 05/15/2024 | Date of stock transactions and vesting of restricted stock units |
| 02/15/2025 | Expiration date for 1,357 Restricted Stock Units |
| 02/13/2026 | Expiration date for 7,679 Restricted Stock Units |
| 02/15/2027 | Expiration date for 3,161 Restricted Stock Units |
| 05/17/2024 | Date of signature by attorney in fact |
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