Form 4: A10 Networks CFO Brian Becker Reports Stock Transactions
SEC Form 4 Filing
Brian Becker, CFO of A10 Networks, reports the vesting and subsequent tax withholding of shares related to performance-based restricted stock units.
Summary
- On February 20, 2025, Brian Becker, CFO of A10 Networks, reported transactions involving common stock and performance-based restricted stock units (RSUs).
- 7,307 performance-based RSUs vested, which were previously reported on January 27, 2022.
- These RSUs represent a contingent right to receive one share of common stock of A10 Networks each, with vesting subject to achieving specific volume-weighted average closing prices between January 25, 2022, and January 25, 2026.
- The second milestone was achieved on February 10, 2025, as certified by the compensation committee, resulting in 7,307 units meeting the performance conditions.
- These shares vest in three tranches: one-third on February 20, 2025, and the remaining two-thirds on the first and second anniversaries of February 10, 2025, subject to continued employment.
- 1,237 shares were automatically withheld for tax purposes related to the vesting of the RSUs on February 20, 2025.
- Following these transactions, Becker directly owns 70,375 shares of A10 Networks common stock and 7,306 derivative securities.
Sentiment
Score: 5
Explanation: This filing is a routine disclosure of stock transactions by a company executive and doesn't inherently indicate positive or negative sentiment. It reflects standard compensation practices.
Future Outlook
The remaining performance-based restricted stock units will vest on the first and second anniversaries of February 10, 2025, subject to continued employment.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. These filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| January 27, 2022 | Date performance-based restricted stock units were previously reported. |
| January 25, 2022 | Start date for measuring volume weighted average closing prices for RSU vesting. |
| February 10, 2025 | Second milestone achievement date for performance-based RSUs. |
| February 20, 2025 | Date of RSU vesting and tax withholding. |
| February 21, 2025 | Date of tax withholding transaction. |
| January 25, 2026 | End date for measuring volume weighted average closing prices for RSU vesting. |
| February 24, 2025 | Date of filing. |
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