Diller Barry 4
Research Summary
AI-generated summary
Expedia (EXPE) Chairman Barry Diller Exercises RSUs; Shares Withheld
What Happened
- Barry Diller, Chairman and Senior Executive of Expedia Group (EXPE), converted a total of 9,256 derivative awards (M = exercise/conversion of RSUs/options) into common shares on Feb 15, 2026. The awards had a $0.00 exercise price (typical of RSU vesting).
- To satisfy tax withholding obligations (F), 4,447 shares were withheld at an indicated value of $212.67 per share, totaling approximately $945,743. After withholding, Diller received a net of 4,809 shares.
Key Details
- Transaction date: Feb 15, 2026; filing date: Feb 18, 2026 (reporting appears timely).
- Items exercised/converted (acquired): 3,940 + 2,242 + 1,601 + 1,473 = 9,256 shares; Tax withholding (disposed): 4,447 shares at $212.67 each, $945,743.
- Exercise/conversion price: $0.00 per share (RSU conversion).
- Net new shares retained by insider: 4,809 shares (9,256 vested − 4,447 withheld).
- Footnotes: F1 indicates shares were withheld to pay taxes. F2–F5 refer to different RSU vesting schedules (staggered quarterly/annual vesting dates).
- Shares owned after transaction: not specified in the summary data provided; see the full Form 4 for holdings and percent ownership.
- No 10b5-1 plan or late filing flag was indicated in the provided data.
Context
- This is a routine vesting/tax-withholding transaction (conversion of RSUs), not an open-market purchase or sale. Withholding shares to cover taxes is common and does not necessarily signal a change in insider sentiment.
- For derivative transactions like these (code M), the insider converted awards into common stock; withholding (code F) is a tax-payment mechanism rather than a market sale of remaining shares.