TRINET GROUP INC
For the period ended Mar 31, 2025. Filed Apr 25, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 25, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
(a) Sales of Unregistered Securities
(b) Use of Proceeds from Sales of Unregistered Securities
(c) Issuer Purchases of Equity Securities
The following table provides information about our purchases of TriNet common stock during the quarter ended March 31, 2025:
| Period · Total Number ofSharesPurchased (2) · Weighted Average PricePaid Per Share · Total Number ofSharesPurchased as Part of Publicly Announced Plans (1) · Approximate Dollar Value ($ millions)of Shares that May Yet be PurchasedUnder the Plans (3) | |||||
|---|---|---|---|---|---|
| January 1 - January 31, 2025 | 20 | $92.91 | — | $251 | |
| February 1 - February 28, 2025 | 521,584 | $71.67 | 474,855 | $217 | |
| March 1 - March 31, 2025 | 735,626 | $74.80 | 735,548 | $162 | |
| Total | 1,257,230 | 1,210,403 | |||
(1) In May 2014, our board of directors approved a stock repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934. From time to time, our board of directors authorizes increases to our stock repurchase program and approved an aggregate total of
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$2,715 million as of March 31, 2025. The total remaining authorization for future stock repurchases under our stock repurchase program was $162 million as of March 31, 2025. The program does not have an expiration date.
(2) Includes shares surrendered by employees to us to satisfy tax withholding obligations that arose upon vesting of restricted stock units granted pursuant to approved plans.
(3) We repurchased a total of approximately $90 million of our outstanding stock during the three months ended March 31, 2025.
We use our stock repurchase program to return value to our stockholders and to offset dilution from the issuance of stock under our equity-based incentive plans and employee purchase plan. We plan to use current cash and cash generated from ongoing operating activities to fund our stock repurchase program.
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