Simonds Michael Q 4

What Happened Michael Q. Simonds, President & CEO and a director of TriNet Group, had a total of 1,940 shares withheld by the company to satisfy tax withholding obligations arising from the vesting of restricted stock units. The withholding consisted of 700 shares at $39.82 each ($27,874) and 1,240 shares at $39.82 each ($49,377), for a combined value of approximately $77,251. This was a tax-withholding disposition (code F), not an open-market sale or separate cash transaction.

Key Details

• Transaction dates (period of report): February 15, 2026; Form 4 filed February 18, 2026.
• Prices and amounts withheld: 700 shares @ $39.82 ($27,874) and 1,240 shares @ $39.82 ($49,377); total 1,940 shares ≈ $77,251.
• Transaction code: F (shares withheld to satisfy tax withholding upon RSU vesting).
• Footnotes: F1 and F3 confirm the withholdings arose from RSU vesting (grants dated Mar 15, 2024 and Mar 21, 2025). F2 notes total securities beneficially owned reported by Simonds includes unvested RSUs but excludes unvested performance-based RSUs.
• Shares owned after transaction: not specified in the provided summary of the filing; the filing indicates unvested RSUs are included in beneficial ownership reporting.
• Filing timeliness: Form 4 was filed on Feb 18, 2026 covering a Feb 15, 2026 transaction; the filing shows no indication of a late report.

Context Share withholding to cover tax obligations on vested RSUs is a common corporate practice (a cashless-like settlement) and does not necessarily signal a CEO’s view on the stock. This is a disposition for tax purposes rather than an active sale or purchase.