GBTG Executive John Pelant Receives Cash for RSUs in Acquisition

What Happened John Edward Pelant, Executive Vice President, Traveler Experience and US Defense and Government at Global Business Travel Group, Inc. (GBTG), had outstanding restricted stock units (RSUs) and performance stock units (PSUs) converted into cash in connection with GBTG’s merger with Gaia Purchaser, Inc., effective September 29, 2026. As a result, 92,371 shares (RSUs) and 57,142 shares (PSUs) were disposed to the issuer for cash at the merger price of $9.50 per share, for a combined cash value of approximately $1,420,373.50. The filing also shows a deemed acquisition (grant) of 57,142 shares at $0.00 immediately before that disposition — reflecting the PSU conversion mechanics.

Key Details

• Transaction date: September 29, 2026 (effective time of the merger).
• Price: $9.50 per share (per Merger Agreement).
• Shares converted/disposed: 92,371 (RSUs) + 57,142 (PSUs) = 149,513 total.
• Cash received (approx.): $877,524.50 for 92,371 shares; $542,849.00 for 57,142 shares; total ≈ $1,420,373.50.
• The 57,142-share "acquisition" at $0.00 represents deemed conversion of PSUs immediately prior to payout (see footnotes F2/F3).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timing: reported on September 29, 2026 (timely with the transaction date).

Context These transactions were not open-market buys or discretionary sales but part of the merger payout process: outstanding RSUs and PSUs were cancelled and converted into a cash payment equal to $9.50 times the applicable share counts (no interest, subject to withholding). For retail investors, such merger-driven conversions are routine contract outcomes and do not, by themselves, indicate a personal bullish or bearish trade decision by the insider.