Joabar Raymond 4

What Happened
Joabar Raymond, a director of Global Business Travel Group, Inc. (GBTG), received an award of 23,429 restricted stock units on 2026-05-13. The units were granted at $0.00 (a compensation award, not a purchase) and will convert one-for-one into common stock upon vesting. The award's reported acquisition value is $0 on the Form 4 because it is an equity grant under the company's director compensation program.

Key Details

• Transaction date: 2026-05-13 (reported on Form 4 filed 2026-05-15)
• Transaction type/code: Award/Grant (Code A) — 23,429 RSUs @ $0.00
• Shares owned after transaction: Not reported in this filing
• Footnote: RSUs are non-employee director compensation; units convert 1:1 to common stock and will fully vest on the date of the issuer's next annual stockholders' meeting (per filing footnote)
• Timeliness: Filing appears timely (reported two days after the transaction); not marked late

Context
These RSUs are a form of director compensation and do not involve a cash purchase; their economic value to the director depends on GBTG's share price at vesting. Grants to directors are common and are not by themselves a clear bullish or bearish signal about the issuer — they primarily reflect compensation policy.