Global Business Travel Group, Inc.·4

Feb 20, 4:05 PM ET

Bock Eric J. 4

Research Summary

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Global Business Travel (GBTG) Chief Legal Officer Eric Bock Receives Award

What Happened
Eric J. Bock, Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary at Global Business Travel Group, Inc. (GBTG), was granted 369,485 restricted stock units (RSUs) on February 18, 2026. The award has an acquisition price of $0.00 (transaction code A), meaning no cash was paid; value will be realized if and when the RSUs vest and convert to common shares.

Key Details

  • Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (filed within the typical 2-business-day window).
  • Transaction type: Award/Grant of RSUs (code A).
  • Amount: 369,485 RSUs; reported acquisition price: $0.00; immediate cash value reported: $0.
  • Vesting: Footnote F1 — these are time‑based RSUs that "shall vest in three equal installments beginning on March 1, 2027."
  • Footnote F2: filing notes totals include shares acquired under the company's Employee Stock Purchase Plan on February 13, 2026.
  • Shares owned after the transaction: not specified in the provided filing excerpt.

Context
Restricted stock units are compensation awards that convert to shares upon satisfying vesting conditions; the $0 acquisition price is typical for RSU grants and does not imply a market purchase. Such grants are generally used for employee/ executive compensation and retention; they are not the same as an open‑market purchase or a sale and should be interpreted as a grant rather than a directional bet on the stock.