Form 4: Infinera CEO David Heard Reports Stock Transactions

Infinera's CEO, David Heard, reported the acquisition of 19,259 shares of common stock through the vesting of restricted stock units and the disposal of 8,760 shares to cover tax obligations.

Summary

• David Heard, CEO of Infinera Corporation, reported a transaction involving the company's common stock on December 5, 2024.
• He acquired 19,259 shares of common stock through the vesting of restricted stock units (RSUs).
• He also disposed of 8,760 shares to satisfy tax withholding obligations related to the vesting of the RSUs.
• The disposal of shares was at a price of $6.63 per share.
• Following these transactions, Mr. Heard directly owns 1,080,780 shares of Infinera common stock.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation activity, which is neither particularly positive nor negative. It is a normal part of the company's operations.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the vesting schedule of stock-based compensation for the CEO.

Comparison to Industry Standards

• Stock-based compensation is a common practice for technology companies like Infinera to attract and retain executive talent.
• The vesting schedule of one-third after one year and then quarterly is a typical vesting schedule for RSUs.
• The tax withholding process is standard practice when RSUs vest.

Stakeholder Impact

• The transactions have a minor impact on the total outstanding shares of the company.
• The transactions are part of the CEO's compensation package and are not expected to have a significant impact on the company's operations or financial position.

Key Dates

Keywords

Infinera, David Heard, stock transaction, restricted stock units, RSU, Form 4, insider trading, executive compensation