Form 4: Extreme Networks Director Holmgren Receives Restricted Stock Units

Director Kathleen M. Holmgren of Extreme Networks received 13,354 restricted stock units, vesting within a year.

Summary

• Kathleen M. Holmgren, a director at Extreme Networks, Inc., was granted 13,354 restricted stock units (RSUs).
• The RSUs were granted on November 14, 2024, under the company's 2013 Equity Incentive Plan.
• These RSUs will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of shareholders, but not less than 50 weeks after the grant date.
• The underlying security for these RSUs is common stock of Extreme Networks.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting stock units to a director, which is generally viewed as a positive for aligning interests, but not a major event.

Positives

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

Future Outlook

The document does not contain any forward-looking statements.

Industry Context

The granting of restricted stock units to directors is a common practice in publicly traded companies as part of their compensation and incentive programs.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice across the technology industry.
• The vesting period of one year is also typical for such grants, aligning with industry norms for long-term incentives.
• Companies like Cisco, Juniper, and Arista Networks also use similar equity-based compensation for their directors.

Stakeholder Impact

• The grant of RSUs to a director can be seen positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Restricted Stock Units, RSU, Equity Incentive Plan, Director, Stock Grant, Extreme Networks, EXTR, Compensation