Hayward Jeffery Jon 4
Research Summary
AI-generated summary
TriNet (TNET) EVP Jeffery Hayward Receives Restricted Stock Award
What Happened
- Jeffery Jon Hayward, Executive Vice President and Chief Services & Technology Officer at TriNet Group, was granted 33,043 restricted stock units (RSUs) on 2026-03-20. The reported acquisition price is $0.00 (this is an award, not a market purchase or sale). The grant is reported on a Form 4 (transaction code A).
Key Details
- Transaction date: 2026-03-20; reported on Form 4 filed 2026-03-24 (timely filing).
- Transaction type/code: Grant/Award (A); acquisition recorded at $0.00 per share.
- Shares involved: 33,043 RSUs granted.
- Shares owned after transaction: The filing does not state a specific total share count after the grant; footnote indicates total beneficial ownership shown in the filing includes these unvested RSUs.
- Notable footnotes:
- F1: RSUs vest over 4 years — one-sixteenth of the total vests quarterly on the 15th day of the second month of each calendar quarter following the grant date; awards may accelerate vesting on certain events.
- F2: The total securities beneficially owned reported includes unvested RSUs but excludes unvested performance-based RSUs (those will be reported if/when earned).
Context
- This was a compensation award, not a cash purchase or sale. RSU grants are common executive compensation and do not indicate an immediate market transaction or cash flow by the insider.
- The RSUs are subject to time-based vesting and potential accelerated vesting events; any performance-based awards tied to future criteria are excluded from the current total and will appear in filings if/when earned.