In 2023, Michael Q. Simonds earned $3.20M in total compensation at Trinet Group, including $744.23K salary and $2.04M in stock. Most recently sold 18,000 shares in May 2023. Currently holds stock worth $22.93M. 1+ years at the helm of Trinet Group.
Compensation History
Annual executive compensation data for Michael Q. Simonds, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.20M
Salary
$744.23K
Bonus
$0.00
Other
$416.23K
Salary
$744.23KBoard Justification
The compensation philosophy aligns with performance metrics and shareholder interests, focusing on long-term value creation and retention of key executives.
Bonus
$0.00Board Justification
No bonus was awarded for 2023 performance due to resignation prior to the end of the performance period.
Other Compensation
$416.23KBoard Justification
Includes various forms of compensation such as financial planning services, matching gifts, and tax reimbursements.
Restricted Stock
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.
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 9 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
Other Trinet Group CEOs
Holdings
Track Michael Q. Simonds's stock holdings and portfolio value over time.
Total Stock Sold
$3.20M
$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 $6.62M.
This is 107.13% and $3.43M more than what they got when they sold the stock.
Insider Trading
Michael Q. Simonds's recent stock transactions, purchases, and sales filed with the SEC.
$786.96K
UNM at $43.72/share
May 5, 2023
Sale
26,070 shares
UNM
Mar 1, 2023
Received
47,566.8 shares
UNM
Feb 20, 2023
Received
$600.00K
UNM at $30.00/share
Mar 22, 2022
Sale
35,807 shares
UNM
Mar 1, 2022
Received
11,756.729 shares
UNM
Feb 19, 2022
Received
31,157 shares
UNM
Mar 1, 2021
Received
9,543.484 shares
UNM
Feb 23, 2021
Received
$672.84K
UNM at $24.92/share
Feb 16, 2021
Sale
46,592 shares
UNM
Aug 24, 2020
Received
Rivals
Compare Michael Q. Simonds with competitor CEOs and industry peers.