secwatch.observer — SEC 8-K summary
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Issuer:     TripAdvisor, Inc. (TRIP)
CIK:        0001526520
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001193125-21-335126
Event type: leadership
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TripAdvisor CMO Lindsay Nelson to depart Jan 9, 2022; 12-month severance and transition role disclosed
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- Lindsay Nelson will leave as Chief Brand and Marketing Officer on Jan 9, 2022, then serve in advisory role through Feb 28, 2022.
- During transition period (Jan 10–Feb 28, 2022), Nelson works part-time at 50% schedule with reduced bi-weekly salary of $2,000.
- Severance includes 12 months of base salary (from Mar 2022–Feb 2023) and COBRA premium assistance for 12 months.
- Company will consider a 2021 annual bonus based on performance, payable at same time as general employee bonuses.
- Unvested equity grants continue to vest through Feb 28, 2022; vested options must be exercised within 90 days of termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526520/000119312521335126/0001193125-21-335126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526520/000119312521335126/d259808d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-335126

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