Morgan Betsy L. 4

What Happened

• Betsy L. Morgan, a director of TripAdvisor, was granted 17,818 restricted stock units (RSUs) on 2026-06-29. The grant was reported on a Form 4 filed 2026-07-01. No cash changed hands (price reported $0.00) because this is an equity award, not an open-market purchase.

Key Details

• Transaction date: 2026-06-29; Transaction type/code: Award/Grant (A); reported price: $0.00.
• Shares granted: 17,818 RSUs. These RSUs vest in full on 2027-06-29 per the filing footnote.
• Footnote: RSUs were granted under the Tripadvisor, Inc. 2023 Stock and Annual Incentive Plan in connection with Morgan’s election to the Board.
• Shares owned after the transaction: not disclosed on the filing.
• Timeliness: Form 4 was filed on 2026-07-01 (appears timely under the two-business-day Form 4 rule).

Context

• RSUs are a promise to deliver company shares (or their cash value) when they vest; they do not represent immediate share ownership or open-market buying/selling.
• Grants to newly elected directors are common and are generally part of standard compensation, so they should not be interpreted alone as a bullish or bearish signal.