Banerjee Madhumita Moina 4
Research Summary
AI-generated summary
Expedia (EXPE) Director Banerjee Exercises Derivatives, Receives RSUs
What Happened
Banerjee Madhumita Moina, a director of Expedia Group, converted/exercised derivative awards for a total of 2,108 shares (871 + 738 + 499) on 2026-06-01 and those same 2,108 derivative shares were reported as disposed the same day. In addition, she was granted/received 1,107 restricted stock units (RSUs) that were recorded as acquired on the same date. All reported transactions show $0.00 per share (derivative/award settlement), so the filing reports no cash value for the individual line items. Net new shares retained from these transactions appear to be the 1,107 RSUs (2,108 exercised/conversion shares were offset by same-day disposals).
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (filed promptly the next day).
- Derivative exercise/conversion entries (code M): 871, 738, and 499 shares acquired and the same amounts disposed the same day; all at $0.00.
- Award/grant entry (code A): 1,107 RSUs acquired at $0.00.
- Total shares acquired (gross) from derivatives: 2,108; total derivative shares disposed same day: 2,108; RSUs added: 1,107. Net new shares from the filing = +1,107 RSUs.
- Shares owned after the transaction: not specified in the supplied filing excerpt.
- Footnote: F1 — RSU vesting schedule: one-third vests on the first vesting date and one-third on each anniversary thereafter until fully vested.
- No indication this filing was late.
Context
- The M-code derivative entries reflect conversion/exercise of derivatives; the immediate, same-day disposals are commonly used to satisfy tax-withholding obligations or as part of a cashless settlement or broker sale arrangement (the filing itself does not state the reason).
- The A-code RSU entry is a grant/award conversion; RSUs typically vest over time per the footnote schedule, and vested RSUs become common shares when settled.
- Because this activity is largely conversions/settlements by a director (not an open-market purchase), it should be interpreted as routine compensation/settlement activity rather than a straightforward buy or sell indicating a change in sentiment.