Form 4: A10 Networks Director Peter Chung Receives Stock Units as Part of Compensation

Director Peter Chung of A10 Networks receives restricted stock units as part of the director compensation program, with vesting contingent on continued service.

Summary

• Peter Chung, a director at A10 Networks, received 12,698 restricted stock units on April 17, 2025, as part of the director compensation program.
• These restricted stock units will vest on the earlier of April 17, 2026, or the date of the Issuer's next Annual Meeting.
• Vesting is contingent upon Mr. Chung's continuous service with A10 Networks through the vesting date.
• The stock units will settle solely by delivery of an equal number of shares of Common Stock.
• Mr. Chung also indirectly owns 200,065 shares and restricted stock units held for the benefit of Summit Partners, L.P.
• Mr. Chung disclaims beneficial ownership of these shares and restricted stock units, except to the extent of their pecuniary interest therein.

Sentiment

Score: 7

Explanation: The document is neutral to slightly positive. It reflects standard compensation practices and aligns director interests with the company's performance. There are no indications of negative news or concerns.

Positives

• The grant of restricted stock units aligns Mr. Chung's interests with the long-term success of A10 Networks.
• The vesting requirements incentivize continued service and commitment from Mr. Chung.

Future Outlook

The document does not contain specific forward-looking statements regarding A10 Networks' future performance.

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• Shareholders may view the granting of restricted stock units as a positive sign, aligning director interests with company performance.
• Employees may see this as a standard practice for director compensation.

Key Dates

Keywords

A10 Networks, Director Compensation, Restricted Stock Units, Peter Chung, Summit Partners, Beneficial Ownership, ATEN