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 subsequent acquisition of Fortinet common stock.
Summary
- On June 13, 2024, William H. Neukom, a director of Fortinet, Inc., reported the vesting of 827 restricted stock units (RSUs).
- These RSUs converted into 827 shares of Fortinet common stock.
- The transaction was executed at a price of $0 per share, as it represents the vesting of previously granted equity.
- Following the transaction, Neukom directly owns 296,605 shares of Fortinet common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider stock ownership.
Key Dates
| Date | Description |
|---|---|
| 08/17/2023 | Date the restricted stock units were granted to the Reporting Person |
| 09/30/2023 | First vesting date of the RSUs in substantially equal increments |
| 12/31/2023 | Second vesting date of the RSUs in substantially equal increments |
| 03/31/2024 | Third vesting date of the RSUs in substantially equal increments |
| 06/13/2024 | Date of RSU vesting and stock acquisition. |
| 06/14/2024 | Date of Form 4 filing. |
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