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...

Current Market Cap

$4.88B

Number of Employees

3.6K

Total Compensation

2019 - 2023

Trending up by 62.72% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 5.26% last year

Bonus

Up by 100.53% last year

Other

Down by -100.00% last year

Year

2023

Total Compensation

$4.00M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to attract and retain top executive talent, aligning their interests with those of the stockholders through a mix of cash and equity compensation tied to performance metrics.

Bonus

$3.00M

Board Justification

A sign-on cash bonus of $3,000,000, subject to repayment on a pro-rated basis in the event of a separation from service prior to the second anniversary of the Effective Date due to Mr. Simonds' voluntary resignation or termination for cause.

Other

$0.00

Board Justification

No additional compensation reported for 2023 as Mr. Simonds was appointed CEO in February 2024.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as Mr. Simonds was appointed CEO in February 2024.

Performance Metrics

Performance metrics for the CEO's compensation are based on the achievement of performance metrics established by the Company.

SEC Filing

From April 11, 2024

Michael Q. Simonds

CEO of Trinet Group

T

Education

MBA

Field of Expertise

Business & Management

Born

January 1, 1973 - 51 years ago

Is Founder?

No

Current Tenure

0 years 7 months (Feb 2024 - Present)

Previous Experience

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

View Holdings

Insider Holdings of Michael Q. Simonds

UNM

$13.14M

$2.92M (28.63%)

Last Insider Trade

TNET

46,161 shares

TNET

Mar 15, 2024

Received