Form 4: Arista Networks SVP, Chief Operating Officer Anshul Sadana Reports Stock Transactions

Anshul Sadana, SVP and Chief Operating Officer of Arista Networks, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On May 20, 2024, Anshul Sadana, SVP and Chief Operating Officer of Arista Networks, executed transactions related to restricted stock units (RSUs).
• Sadana vested various tranches of RSUs, converting them into common stock.
• A total of 167, 222, 673, 362, 189, and 202 shares were acquired through the vesting of RSUs at a price of $0.0.
• 916 shares were withheld to cover tax obligations at a price of $319.39.
• Following these transactions, Sadana directly owns 72,199 shares of Arista Networks common stock.
• Sadana also holds derivative securities including 18,497 Restricted Stock Unit-10, 27,014 Restricted Stock Unit-13, 2,833 Restricted Stock Unit-5, 3,778 Restricted Stock Unit-7, 23,555 Restricted Stock Unit-8, and 22,474 Restricted Stock Unit-9.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the tech industry, used to align employee incentives with company performance.
• Companies like Cisco, Juniper Networks, and Hewlett Packard Enterprise also utilize RSUs and stock options as part of their compensation packages.
• The vesting schedules described are typical for RSU grants.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
• The tax withholding benefits the government.

Key Dates