Form 4: Director Kathleen Crusco Receives Calix Equity Grant

Calix, Inc. director Kathleen M. Crusco was granted 4,967 restricted stock units as part of the company's director compensation policy.

Summary

• Director Kathleen M. Crusco acquired 4,967 restricted stock units (RSUs) on May 14, 2026.
• The grant was issued under the company's non-employee director equity compensation policy.
• Each RSU represents a contingent right to receive one share of Calix common stock.
• Following this transaction, the director's total beneficial ownership is 64,361 shares, which includes the 4,967 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• The vesting of these RSUs is contingent upon the director's continued service until one day prior to the next annual stockholder meeting.

Future Outlook

The RSUs will vest in full one day prior to the issuer's next annual stockholder meeting, subject to continued service.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure board members maintain a vested interest in long-term company performance.

Comparison to Industry Standards

• The use of RSU grants for director compensation is consistent with standard practices for publicly traded technology companies.
• The vesting schedule tied to the annual meeting cycle is a common governance mechanism.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation practices.

Next Steps

• Vesting of the 4,967 RSUs one day prior to the next annual stockholder meeting.

Key Dates

Keywords

Calix, CALX, Form 4, Insider Trading, Equity Compensation, Director Compensation