Form 4: F5, Inc. Executive Scot Frazier Rogers Reports Stock Transactions
SEC Form 4
EVP and General Counsel of F5, Inc., Scot Frazier Rogers, reports the vesting of restricted stock units and subsequent acquisition of common stock.
Summary
- On August 1, 2024, Scot Frazier Rogers, EVP and General Counsel of F5, Inc., reported transactions involving F5, Inc. common stock.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent acquisition of common stock.
- Rogers acquired 465 shares, 750 shares, and 796 shares of common stock upon the vesting of RSUs granted on November 1, 2021, November 1, 2022, and November 1, 2023, respectively.
- Rogers also disposed of 790 shares.
- Following these transactions, Rogers directly owns 19,294 shares of F5, Inc. common stock and holds derivative securities for 7,159 shares.
- The transactions were executed under Transaction Code M, indicating the exercise or conversion of derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, and does not contain any information that would significantly impact investor sentiment.
Positives
- The vesting of RSUs indicates that Rogers has met certain service requirements with F5, Inc.
Future Outlook
The reporting person will continue to receive shares of F5, Inc. common stock on future vest dates, contingent upon continued service to the company.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 2021-11-01 | Date of service-based Restricted Stock Units award that vests in twelve equal quarterly increments beginning February 1, 2022 (465 shares). |
| 2022-11-01 | Date of service-based Restricted Stock Units award that vests in twelve equal quarterly increments beginning February 1, 2023 (750 shares). |
| 2023-11-01 | Date of service-based Restricted Stock Units award that vests in twelve equal quarterly increments beginning February 1, 2024 (796 shares). |
| 2024-08-01 | Date of transaction: vesting of Restricted Stock Units and acquisition/disposal of common stock. |
| 2024-08-05 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.