Form 4: Infinera CEO David Heard Reports Stock Transactions
SEC Form 4 Filing
Infinera's CEO, David Heard, reported the acquisition and disposal of company stock and restricted stock units on October 5, 2024.
Summary
- On October 5, 2024, David Heard, the CEO of Infinera Corp, reported transactions involving the company's stock.
- He exercised restricted stock units (RSUs) to acquire 28,125 shares of common stock.
- Simultaneously, 11,311 shares were withheld by Infinera to cover tax obligations related to the RSU vesting.
- Following these transactions, Heard directly owns 1,070,281 shares of common stock and 168,749 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for company insiders and provide transparency into their trading activities, which can be informative for investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's holdings and trading activity.
Key Dates
| Date | Description |
|---|---|
| April 5, 2023 | Vesting commencement date for the restricted stock units. |
| 10/05/2024 | Date of stock and derivative security transactions. |
| 10/08/2024 | Date of signature for the report. |
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