Gorin Ariane 4
4 · Expedia Group, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Expedia CEO Ariane Gorin Exercises Awards; Shares Withheld for Taxes
What Happened
Ariane Gorin, CEO of Expedia Group (EXPE), settled multiple equity awards on February 15, 2026. A total of 67,491 shares were issued upon conversion/vesting of performance stock units (PSUs) and restricted stock units (RSUs). To cover tax withholding obligations, 28,157 shares were withheld/sold at $212.67 per share for proceeds of $5,988,149; the remaining ~39,334 shares were issued to Gorin. The transactions are reported as derivative exercises/settlements (code M) and tax withholding (code F).
Key Details
- Transaction date: February 15, 2026; Form 4 filed February 18, 2026 (timely).
- Total shares settled (acquired via conversion/vesting): 67,491.
- Shares withheld for taxes (disposed): 28,157 at $212.67/share, totaling $5,988,149.
- Net shares delivered to insider after withholding: ~39,334.
- Transaction codes: M = exercise/conversion of derivative (PSU/RSU settlement); F = shares withheld/sold to pay taxes.
- Notable footnotes: F2 — the 2023 PSUs vested at 200% of target (maximum payout). F1 and F3–F6 describe tax withholding and various RSU vesting schedules.
- Shares owned after the transactions: not specified in the provided filing details.
Context
These transactions reflect the settlement of vested PSUs/RSUs and routine tax-withholding (a common, non-speculative administrative action). Withholding/sale of shares to cover taxes is effectively a cashless sell and does not necessarily signal the insider’s view on the stock. The PSU settlement at 200% of target (per the filing) indicates strong performance for that grant’s measurement period.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-15+54,316→ 150,556 total - Exercise/Conversion
Common Stock
2026-02-15+5,604→ 156,160 total - Exercise/Conversion
Common Stock
2026-02-15+5,157→ 161,317 total - Exercise/Conversion
Common Stock
2026-02-15+1,697→ 163,014 total - Exercise/Conversion
Common Stock
2026-02-15+717→ 163,731 total - Tax Payment
Common Stock
[F1]2026-02-15$212.67/sh−28,157$5,988,149→ 135,574 total - Exercise/Conversion
Performance Stock Units
[F2]2026-02-15−54,316→ 0 totalExercise: $0.00Exp: 2026-02-15→ Common Stock (54,316 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-02-15−717→ 0 totalExercise: $0.00From: 2024-02-15Exp: 2026-02-15→ Common Stock (717 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-02-15−1,697→ 6,790 totalExercise: $0.00From: 2024-02-15Exp: 2027-02-15→ Common Stock (1,697 underlying) - Exercise/Conversion
Restricted Stock Units
[F5]2026-02-15−5,157→ 41,250 totalExercise: $0.00From: 2024-05-15Exp: 2028-02-15→ Common Stock (5,157 underlying) - Exercise/Conversion
Restricted Stock Units
[F6]2026-02-15−5,604→ 44,828 totalExercise: $0.00From: 2025-05-15Exp: 2028-02-15→ Common Stock (5,604 underlying)
Footnotes (6)
- [F1]Represents shares of Expedia Group, Inc. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.
- [F2]Represents the settlement of Performance Stock Units originally granted on March 14, 2023 (the "2023 PSUs"). The 2023 PSUs were subject to performance conditions based on the compound annual growth rate of the Company's stock price measured over an approximately three-year performance period ending December 31, 2025. Based on actual performance, the 2023 PSUs vested at 200% of the target number of PSUs, representing the maximum payout level.
- [F3]Date at which first vesting occurs is indicated. One-ninth of the total number of restricted stock units vests on February 15, 2024 and an additional one-ninth on the fifteenth day of the second month in each quarter thereafter until fully vested.
- [F4]Date at which first vesting occurs is indicated. One-thirteenth of the total number of restricted stock units vests on February 15, 2024 and an additional one-thirteenth on the fifteenth day of the second month in each quarter thereafter until fully vested.
- [F5]Date at which first vesting occurs is indicated. One-sixteenth of the total number of restricted stock units vests on May 15, 2024 and an additional one-sixteenth on the fifteenth day of the second month in each quarter thereafter until fully vested.
- [F6]Date at which first vesting occurs is indicated. One-twelfth (1/12th) of the total RSUs vests on May 15, 2025, with an additional one-twelfth (1/12th) vesting quarterly thereafter on each August 15, November 15, February 15, and May 15, until fully vested on February 15, 2028.