Form 4: Fortinet Director Kenneth A. Goldman Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 14 June 2024 7:05 PM

Director Kenneth A. Goldman reports the vesting of restricted stock units and adjustments to his holdings of Fortinet common stock.

Summary

Kenneth A. Goldman, a director of Fortinet, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
On June 13, 2024, 827 restricted stock units (RSUs) vested, resulting in the acquisition of 827 shares of common stock.
These RSUs were granted on August 17, 2023, and vest in increments on specified dates.
Following the transaction, Goldman directly owns 19,353 shares of common stock.
He also indirectly owns 20,750 shares through the Goldman-Valeriote Family Trust and 1,000 shares through GV Partners L.P.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Fortinet.

Stakeholder Impact

The vesting of RSUs has a minor dilutive effect on existing shareholders.

Key Dates

Date	Description
11/15/95	Date of Goldman-Valeriote Family Trust u/a/d
08/17/2023	Date the restricted stock units were granted to the Reporting Person
09/30/2023	First vesting date of the RSUs
12/31/2023	Second vesting date of the RSUs
03/31/2024	Third vesting date of the RSUs
06/13/2024	Date of transaction (vesting of RSUs)
06/14/2024	Date of signature

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.