Schenkel Scott F. 4
Research Summary
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Expedia (EXPE) CFO Scott Schenkel Receives Equity Awards
What Happened Scott Schenkel, Chief Financial Officer of Expedia Group (EXPE), was granted two equity awards reported as derivative acquisitions on March 9, 2026: 16,694 performance stock units (PSUs) and 20,700 restricted stock units (RSUs). Both awards show an acquisition price of $0.00 and will be settled in Expedia common stock upon vesting. No immediate cash purchase or sale occurred — these are compensation awards, not open-market trades.
Key Details
- Transaction date: 2026-03-09; Form 4 filed 2026-03-11 (appears timely).
- Awards reported: 16,694 PSUs (footnote F1) and 20,700 RSUs (footnote F2); acquisition price $0.00.
- PSU vesting: PSUs were determined earned based on Expedia’s revenue and Adjusted EBITDA performance for the one-year period ending Dec 31, 2025; expected to vest on Feb 15, 2028, subject to continued employment, and will be settled in shares.
- RSU vesting schedule: 1/12 vests May 15, 2026, then one-twelfth vests quarterly (Aug 15, Nov 15, Feb 15, May 15) until fully vested on Feb 15, 2029 (subject to continued employment).
- Shares owned after transaction: not specified in the provided filing.
- Nature of transaction: derivative award/compensation (codes A); not a market buy or sale.
Context These grants reflect compensation tied to performance and time-based vesting and do not represent an open-market purchase or sale by the insider. PSUs are performance-contingent and will convert to shares only if performance and employment conditions are met; RSUs vest on a set schedule. Such awards are routine for executives and should be interpreted as compensation rather than a direct bullish or bearish trade signal.