Form 4: Kira Makagon, Calix Inc. Director, Reports Acquisition of Restricted Stock

Director Kira Makagon reports acquiring 4,689 shares of Calix Inc. restricted stock on May 8, 2025, as part of the company's non-employee director equity compensation policy.

Summary

• On May 8, 2025, Kira Makagon, a director of Calix Inc., reported acquiring 4,689 shares of common stock.
• These shares were awarded as restricted stock under the company'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, Makagon beneficially owns 38,964 shares of Calix Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transaction reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The equity compensation policy is a standard practice to attract and retain qualified board members.

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

Equity compensation for board members is a common practice in the technology industry to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Many technology companies use restricted stock units (RSUs) as part of their director compensation packages.
• The vesting schedules for these RSUs typically range from one to three years, aligning with industry norms.
• Companies like Cisco, Juniper Networks, and Arista Networks also utilize similar equity compensation strategies for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates

Keywords

Form 4, Calix Inc., Director, Kira Makagon, Restricted Stock, Equity Compensation, Beneficial Ownership