Form 4: Fortinet Director Kenneth A. Goldman Reports Stock Transactions
SEC Form 4
Director Kenneth A. Goldman reports the vesting of restricted stock units and subsequent ownership changes in Fortinet, Inc.
Summary
- On September 30, 2024, Kenneth A. Goldman, a director of Fortinet, Inc., reported transactions involving the company's stock.
- These transactions included the vesting of 1,129 restricted stock units (RSUs) at a price of $0.
- Following these transactions, Goldman directly owns 20,482 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: This is a neutral report on stock transactions by a company director; it doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining RSUs will vest in increments on December 31, 2024, March 31, 2025, and the earlier of June 30, 2025, or the date immediately preceding the Issuer's 2025 annual meeting of stockholders, subject to continued service.
Industry Context
This is a standard Form 4 filing, reflecting changes in beneficial ownership by a company insider, which is common practice and closely monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 11/15/95 | Date of Goldman-Valeriote Family Trust u/a/d |
| 08/20/2024 | Date of RSU grant to the Reporting Person |
| 09/30/2024 | Date of earliest transaction (vesting of RSUs) |
| 09/30/2024 | First vesting date of RSUs |
| 12/31/2024 | Second vesting date of RSUs |
| 03/31/2025 | Third vesting date of RSUs |
| 06/30/2025 | Fourth vesting date of RSUs (or earlier if preceding annual meeting) |
| 10/02/2024 | Date of signature |
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