Form 4: Director Michael J. Berry Receives Calix RSU Grant

Calix, Inc. director Michael J. Berry was granted 4,967 restricted stock units as part of the company's non-employee director equity compensation policy.

Summary

• Director Michael J. Berry acquired 4,967 restricted stock units (RSUs) on May 14, 2026.
• The RSUs were granted under the company's non-employee director equity compensation policy.
• Each RSU represents a contingent right to receive one share of Calix, Inc. common stock.
• Following this transaction, the director's total beneficial ownership is 9,656 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

• Vesting of the 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.

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 in the U.S.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation award.

Next Steps

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

Key Dates

Keywords

Calix, CALX, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction