Form 4: Calix Director Kathleen M. Crusco Receives Restricted Stock Award

Kathleen M. Crusco, a director at Calix, Inc., was granted 4,689 shares of restricted stock on May 8, 2025, under the company's non-employee director equity compensation policy.

Summary

• On May 8, 2025, Kathleen M. Crusco, a director of Calix, Inc., received an award of 4,689 shares of restricted stock.
• The award was granted pursuant to the Issuer's non-employee director equity compensation policy.
• The restricted stock will vest on the day immediately preceding the date of the annual meeting of stockholders that occurs in the year following the year of grant.
• Following the transaction, Crusco beneficially owns 59,394 shares of Calix common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of restricted stock) and is generally neutral to positive as it aligns director interests with shareholders.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company.

Future Outlook

The restricted stock will vest on the day immediately preceding the date of the annual meeting of stockholders that occurs in the year following the year of grant.

Industry Context

Granting stock options to board members is a common practice to align their interests with the long-term success of the company.

Stakeholder Impact

• The grant of restricted stock aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

restricted stock, director, Calix, equity compensation, beneficial ownership, Form 4