KOSECOFF JACQUELINE B 4
Research Summary
AI-generated summary
Trinet (TNET) Director Jacqueline Kosecoff Receives RSU Award
What Happened
- Jacqueline B. Kosecoff, a director of Trinet Group, Inc. (TNET), received a grant of 4,735 restricted stock units (RSUs) on 2026-05-28 (reported value $0). The RSUs convert one-for-one into common shares and will vest 100% on the earlier of the 12-month anniversary of the grant or the trading day before the company’s 2027 annual meeting, subject to continued service and certain acceleration events.
- On 2026-05-29 the filing shows a transfer (reported as a gift) of 2,649 shares to a family trust (a corresponding acquisition by the trust is also reported). These entries reflect an ownership transfer to the Robert H. Brook and Jacqueline B. Kosecoff Family Trust rather than a market sale.
Key Details
- Transaction dates and prices: Grant (A) 4,735 RSUs on 2026-05-28 at $0.00; Gift/transfer (G) of 2,649 shares on 2026-05-29 at $0.00 (disposed by Kosecoff) and 2,649 shares on 2026-05-29 at $0.00 (acquired by the trust).
- Vesting: RSUs vest 100% by earlier of 12 months from grant or day before 2027 annual meeting; subject to service and accelerated vesting on certain events (footnote F1).
- Ownership after transaction: The filing notes total beneficial ownership includes unvested RSUs (footnote F2). The exact post-transaction beneficial count is not specified in the summary data provided.
- Transfer details: The 2,649-share transfer was to a family trust for which the reporting person and her spouse are trustees and beneficiaries (footnotes F3, F4).
- Filing date: Form 4 filed 2026-06-01 covering transactions dated 2026-05-28 and 2026-05-29.
Context
- This was an equity award (compensation) to a director, not an open-market purchase or sale. RSU grants are common for board compensation and only translate into marketable shares upon vesting.
- The reported “gift”/transfer entries reflect a private transfer into a family trust and do not indicate a market sale or a change in view on the stock.