BLAKE KATRYN 4
Research Summary
AI-generated summary
TripAdvisor Director Blake Katryn Receives 17,818 RSU Award
What Happened
Blake Katryn, a director of TripAdvisor, was granted 17,818 restricted stock units (RSUs) on June 29, 2026. The Form 4 reports an award transaction (code A) at $0.00 per share (a grant, not a purchase), so no cash was paid by the insider. The RSUs will convert into common shares subject to vesting terms.
Key Details
- Transaction date: 2026-06-29; grant reported on Form 4 filed 2026-07-01.
- Reported price: $0.00 (award of RSUs).
- Shares granted: 17,818 RSUs.
- Shares owned after transaction: not specified in this filing.
- Footnote: These RSUs were granted under TripAdvisor’s 2023 Stock and Annual Incentive Plan in connection with Katryn’s election to the Board; they vest in full on June 29, 2027 (F1).
- Timeliness: Form 4 was filed within the standard two-business-day window after the transaction.
Context
RSU grants to newly elected directors are common and represent deferred compensation that becomes actual shares only if vesting conditions are met (here, a one-year cliff vest on 2027-06-29). This is an award/grant rather than an open-market buy or sale and does not by itself indicate immediate buying or selling intent.
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