Michael Q. Simonds has taken the reins as the CEO and President of TriNet Group as of February 2024, lifting his experience from Unum Group where he served in various executive roles since 2013, including Chief Operating Officer. With an...

Michael Q. Simonds has taken the reins as the CEO and President of TriNet Group as of February 2024, lifting his experience from Unum Group where he served in various executive roles since 2013, including Chief Operating Officer. With an MBA from Harvard and a background in economics and anthropology from Bowdoin College, he combines insightful management skills with rich operational know-how. Over the years, Simonds has shown a strong commitment to enhancing business operations across companies, pushing for growth while keeping costs in check. His approach is hands-on; he started his career with Unum back in 1994, leaving briefly to get his MBA and even working at McKinsey & Company. This kind of experience means he understands both the big picture and the nitty-gritty of running a business. Recently, he's been in the spotlight for his significant sign-on bonus of $3 million at TriNet, reflecting the company's commitment to bringing in top talent. With a deep history of strategic roles in multiple companies, Michael Q. Simonds is poised to steer TriNet Group into its next chapter with fresh energy and insights. His past also includes notable insider trading movements, showcasing his proactive engagement with company fortunes.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Trinet Group CEOs

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Michael Q. Simonds

CEO of Trinet Group

Education

MBA

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1973 - 52 years ago

CEO of Trinet Group for

1 year 1 month (Feb 2024 - Present)

Previous Experience

Executive Vice President, Chief Operating Officer of Unum Group; Executive Vice President, President and Chief Executive Officer, Unum US

Rivals

Competitors/colleagues of Michael Q. Simonds

Holdings

See how much did Michael Q. Simonds make over time.

As of late 2023, Michael Q. Simonds has shown a dynamic pattern in his investments, especially with substantial insider trading activity at TriNet Group. His trades have increased significantly, reaching values as high as $10.96 million in mid-2023. There was...

As of late 2023, Michael Q. Simonds has shown a dynamic pattern in his investments, especially with substantial insider trading activity at TriNet Group. His trades have increased significantly, reaching values as high as $10.96 million in mid-2023. There was a noticeable uptick in his trades, peaking recently as he transitioned into the CEO role at TriNet. This trend suggests a strong belief in TriNet’s potential, especially following strategic performance goals being set at his previous position in Unum. His active trading history indicates that he managed a portfolio where the trade values often fluctuated around $2 million to $9 million on a monthly basis, reflecting an agile approach to his financial interests. This combination of tactical moves in the market and his professional roles indicates an individual well-versed in assessing and capitalizing on business opportunities.

Mar 18, 2025

U

shares

UNM @ $80.88

Total Stock Sold

$3.20M

UNM

$3.20M

89,157 UNM shares

What if they kept their stock?

If Michael Q. Simonds didn't sell their stock, today they would have:
Extra UNM89,157 shares worth $1.36M.
This is -57.59% and $1.84M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael Q. Simonds.

UNM

$786.96K

UNM at $43.72/share

May 5, 2023

Sale

UNM

26,070 shares

UNM

Mar 1, 2023

Received

UNM

47,566.8 shares

UNM

Feb 20, 2023

Received

UNM

$600.00K

UNM at $30.00/share

Mar 22, 2022

Sale

UNM

35,807 shares

UNM

Mar 1, 2022

Received

UNM

11,756.729 shares

UNM

Feb 19, 2022

Received

UNM

31,157 shares

UNM

Mar 1, 2021

Received

UNM

9,543.484 shares

UNM

Feb 23, 2021

Received

UNM

$672.84K

UNM at $24.92/share

Feb 16, 2021

Sale

UNM

46,592 shares

UNM

Aug 24, 2020

Received

Compensation History

See how much did Michael Q. Simonds make over time.

In 2024, Michael Q. Simonds’ total compensation package as CEO of TriNet Group includes a base salary of $1 million and a whopping sign-on bonus of $3 million. This rare bonus indicates the company's focus on ensuring strong leadership during its transition. While no stock awards were granted in 2023, Simonds is positioned to receive performance-based bonuses of up to 150% of his salary, contingent on meeting specific company goals. His history at Unum showed a similar pattern, where compensation linked directly to performance metrics was a common theme. In previous years at Unum, he commanded impressive bonuses tied to the achievement of company growth targets, emphasizing a performance-oriented compensation philosophy that aligns executive pay with company success. This strategic compensation structure is designed to help attract and retain top talent while pushing for better company performance.

Year

2023

Total Compensation

$3.20M

Salary

$744.23K

Board Justification

The compensation philosophy aligns with performance metrics and shareholder interests, focusing on long-term value creation and retention of key executives.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 performance due to resignation prior to the end of the performance period.

Other

$416.23K

Board Justification

Includes various forms of compensation such as financial planning services, matching gifts, and tax reimbursements.

Restricted Stock

$2.04M(1.19M RSUs)

Board Justification

The value of restricted stock units (RSUs) granted on March 1, 2023, for performance in 2022 that vested in 2023.

Performance Metrics

Performance metrics for 2023 included business and financial objectives, strategic initiatives, and operational effectiveness.

Other Trinet Group CEOs

Here are other CEOs of Trinet Group

Burton M. Goldfield

Ex-CEO of Trinet Group

February 2008 - February 2024