TriNet hires Jay Venkat as Chief Digital and Innovation Officer, effective June 30, 2022

TRINET GROUP, INC.

Jay Venkat, age 45, joins from Boston Consulting Group where he led the Bay Area office.
Base salary set at $635,000; target annual incentive of 100% of base salary for 2022 (pro-rated).
Equity grants totaling $3,000,000: $1.5M in RSUs (4-year vest) and $1.5M in PSUs (2-year vest based on 2022 performance).
Sign-on cash bonus of $1,000,000; repayment required if voluntary termination within 2 years.
Venkat will participate in TriNet's Amended and Restated Executive Severance Benefit Plan.

item 5.02 item 9.01

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Appointed

Jay Venkat

Chief Digital and Innovation Officer

TNET · TRINET GROUP, INC.

Effective: 2022-06-30
Filed: June 15, 2022, 7:59 PM ET

Mr. Venkat will join TriNet as its Chief Digital and Innovation Officer, effective no later than June 30, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jay Venkat was appointed as Chief Digital and Innovation Officer at TRINET GROUP, INC..

Action: appointed
Role: Chief Digital and Innovation Officer

Exact text from the filing

Mr. Venkat will join TriNet as its Chief Digital and Innovation Officer, effective no later than June 30, 2022.

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Source: SEC EDGAR

accession 0000937098-22-000177

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