Form 4: Arista Networks Executive John F. McCool Reports Stock Transactions
SEC Form 4
Chief Platform Officer of Arista Networks, John F. McCool, reports the vesting and subsequent tax withholding of restricted stock units held in a family trust.
Summary
- On May 20, 2024, John F. McCool, Chief Platform Officer of Arista Networks, reported transactions involving restricted stock units (RSUs).
- These transactions involved the vesting of RSUs held indirectly through a family trust.
- A total of 5,201 RSUs vested on this date.
- Shares were withheld to cover tax obligations related to the vesting of these RSUs; 2,619 shares were disposed of at a price of $319.39.
- Following these transactions, McCool indirectly holds 2,582 shares of common stock through the trust, as well as various amounts of restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, neither particularly positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| November 20, 2020 | 6.25% of certain restricted stock units vested and continue to vest quarterly thereafter. |
| May 20, 2021 | 6.25% of certain restricted stock units vested and continue to vest quarterly thereafter. |
| February 20, 2022 | 6.25% of certain restricted stock units will vest and continue to vest quarterly thereafter. |
| February 20, 2023 | 6.25% of certain restricted stock units will vest and continue to vest quarterly thereafter. |
| February 20, 2024 | 6.25% of certain restricted stock units will vest and continue to vest quarterly thereafter. |
| May 20, 2024 | Date of the reported transactions involving vesting of RSUs and tax withholding. |
| May 22, 2024 | Date of the report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.