Form 4: Fortinet COO John Whittle Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer of Fortinet, John Whittle, reports the vesting and subsequent tax-related disposal of restricted stock units.
Summary
- John Whittle, the Chief Operating Officer of Fortinet, reported transactions involving Fortinet's common stock on November 1, 2024.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent disposal of shares to cover tax obligations.
- Whittle acquired 2,545 shares, 1,180 shares and 1,608 shares through the vesting of RSUs at a price of $0.
- He disposed of 2,646 shares to cover tax liabilities at a price of $78.8.
- Following these transactions, Whittle directly owns 50,445 shares of Fortinet common stock.
- He also holds derivative securities in the form of 2,545, 5,910 and 14,474 restricted stock units.
Sentiment
Score: 5
Explanation: This Form 4 filing represents routine transactions related to executive compensation. It doesn't indicate any specific positive or negative sentiment towards the company's performance.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of earliest transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| 11/05/2024 | Date of signature for the Form 4 filing. |
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