Form 4: A10 Networks General Counsel Weber Reports Stock Transactions

Robert Scott Weber, General Counsel of A10 Networks, reports the vesting and subsequent tax withholding of shares related to performance-based restricted stock units.

Summary

• On March 10, 2025, Robert Scott Weber, General Counsel of A10 Networks, had 5,956 performance-based restricted stock units vest, which were previously reported on February 22, 2023.
• These units represent a contingent right to receive one share of A10 Networks common stock each, with vesting subject to the achievement of specified volume weighted average closing prices.
• The second achievement date occurred on February 28, 2025, as certified by the compensation committee, resulting in these units meeting the performance-based conditions.
• These shares are subject to time-based vesting, with one-half vesting on March 10, 2025, and additional one-fourth on each of the first and second anniversaries of February 28, 2025, subject to continued employment.
• On March 11, 2025, 1,512 shares were automatically withheld for tax purposes related to the vesting of the performance restricted stock units at a price of $19.38 per share.
• Following these transactions, Weber directly owns 63,507 shares of A10 Networks common stock.

Sentiment

Score: 6

Explanation: The document is neutral, reporting routine stock transactions related to executive compensation. The vesting of performance-based units is a slightly positive signal.

Positives

• The vesting of performance-based restricted stock units suggests that the company met certain performance targets related to its stock price.

Future Outlook

The remaining performance-based restricted stock units will vest in two installments on the first and second anniversaries of February 28, 2025, subject to continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The vesting of stock options and subsequent tax withholding has a minor dilutive effect on existing shareholders.

Key Dates