Form 4: Arista Networks Director Charles Giancarlo Reports Stock Transactions
SEC Form 4
Director Charles Giancarlo reports the vesting of restricted stock units and subsequent ownership changes in Arista Networks, Inc.
Summary
- On August 20, 2024, Charles Giancarlo, a director of Arista Networks, Inc., had 211 restricted stock units (RSUs) vest.
- These RSUs converted into 211 shares of Arista Networks common stock.
- Following this transaction, Giancarlo directly owns 54,275 shares and indirectly owns 50,946 shares through a family trust.
- The RSUs were granted on June 7, 2024, and vest quarterly, with 1/4th of the shares vesting on August 20, 2024, and subsequent quarterly vest dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of Arista Networks' directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider holdings.
Key Dates
| Date | Description |
|---|---|
| June 7, 2024 | Date the reporting person was granted RSUs |
| August 20, 2024 | Date of transaction (vesting of RSUs) |
| August 22, 2024 | Date of signature |
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