Tranche Update on TriNet Group, Inc.'s Equity Buyback Plan announced on May 12, 2014.
July 26, 2022 at 04:21 pm EDT
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From April 1, 2022 to June 30, 2022, the company has repurchased 408,478 shares, representing 0.66% for $32.8 million. With this, the company has completed the repurchase of 19,939,930 shares, representing 29.13% for $1,031.61 million under the buyback announced on May 12, 2014.
TriNet Group, Inc. provides small and medium-size businesses with full-service industry-specific human resource (HR) solutions, providing both professional employer organization (PEO) and human resources information system (HRIS) services. The Company offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and research and development (R&D) tax credit services, all enabled by technology. Its suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time and attendance. It offers six industry-tailored vertical PEO services: TriNet Financial Services, TriNet Life Sciences, TriNet Main Street, TriNet Nonprofit, TriNet Professional Services and TriNet Technology. The Company's HRIS services primarily consists of its self-directed, cloud based HRIS software solution and provides the option to add tools, such as payroll processing and benefits management.