Form 4: Arista Networks Director Mark Templeton Reports Stock Transactions
SEC Form 4
Director Mark Templeton reports the vesting of restricted stock units and subsequent acquisition of Arista Networks common stock.
Summary
- On May 20, 2024, Mark Templeton, a director of Arista Networks, Inc., reported the vesting of 372 restricted stock units (RSUs) which converted into 372 shares of common stock.
- The transaction was executed under transaction code 'M', indicating the exercise or conversion of a derivative security.
- Following the transaction, Templeton directly owns 12,652 shares of Arista Networks common stock.
- Additionally, Templeton indirectly owns 18,800 shares through a trust where his spouse serves as trustee.
- The RSUs were granted on June 14, 2023, and vest quarterly.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company director, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/14/2023 | Reporting person was granted RSUs |
| 08/20/2023 | 1/4th of the shares vest |
| 02/20/2024 | Quarterly vest date |
| 05/20/2024 | Quarterly vest date and transaction date |
| 08/20/2024 | Quarterly vest date |
| 11/20/2024 | Quarterly vest date |
| 05/22/2024 | Date of report |
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