Form 4: Fortinet Director William H. Neukom Reports Stock Transactions
SEC Form 4 Filing
Director William H. Neukom reports the vesting of restricted stock units and a stock transfer related to a grantor retained annuity trust.
Summary
- William H. Neukom, a director of Fortinet, Inc., reported changes in beneficial ownership of the company's stock on December 31, 2024.
- The transactions involved the vesting of 1,130 restricted stock units (RSUs) and a transfer of 148,303 shares of common stock from a grantor retained annuity trust.
- Following these transactions, Neukom beneficially owns 299,678 shares of Fortinet common stock and 2,260 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date the restricted stock units were granted to the Reporting Person |
| 09/30/2024 | First vesting date of the RSUs in substantially equal increments |
| 12/31/2024 | Date of the reported transactions: vesting of RSUs and stock transfer. |
| 03/31/2025 | Third vesting date of the RSUs in substantially equal increments |
| 06/30/2025 | Final vesting date of the RSUs in substantially equal increments |
| 01/02/2025 | Date of the Form 4 filing. |
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