Form 4: Arista Networks CFO Chantelle Breithaupt Reports Stock Transactions Following RSU Vesting

CFO Chantelle Breithaupt reports the vesting of restricted stock units and associated tax withholding, resulting in changes to her beneficial ownership of Arista Networks stock.

Summary

• Chantelle Breithaupt, CFO of Arista Networks, reported transactions related to the vesting of restricted stock units (RSUs) on February 20, 2025.
• These transactions included the vesting of 43,668 RSUs and 15,856 performance stock awards, both convertible to common stock.
• A portion of the vested shares (28,491) were withheld to satisfy tax obligations at a price of $103.92 per share.
• Following these transactions, Breithaupt directly owns 31,033 shares of Arista Networks common stock and 131,012 Restricted Stock Unit-1 and 0 Restricted Stock Unit-3.
• All amounts have been adjusted to reflect the four-for-one stock split completed on December 4, 2024.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of RSUs is a common form of equity compensation in the tech industry.

Comparison to Industry Standards

• Equity compensation, including RSUs, is a standard practice among publicly traded technology companies like Arista Networks to attract and retain talent.
• Companies like Cisco, Juniper Networks, and Palo Alto Networks also utilize RSUs as part of their compensation packages for executives.
• The vesting schedules and terms of these RSUs are typically aligned with industry norms and company performance goals.

Stakeholder Impact

• The vesting of RSUs dilutes existing shareholders' equity to a small degree.
• The tax withholding generates revenue for the government.

Key Dates

Keywords

Arista Networks, ANET, CFO, Chantelle Breithaupt, Form 4, Stock Options, RSU, Restricted Stock Units, Beneficial Ownership, Stock Split, Tax Withholding