Form 4: Infinera CEO David Heard Reports Stock Transactions
SEC Form 4 Filing
Infinera's CEO, David Heard, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On March 5, 2024, David Heard, CEO of Infinera Corp, reported transactions involving Infinera's common stock and restricted stock units (RSUs).
- 19,259 shares were acquired through the vesting of RSUs.
- 7,543 shares were withheld by Infinera to satisfy tax obligations related to the RSU vesting at a price of $5.15.
- Following these transactions, Mr. Heard directly owns 841,204 shares of common stock and 77,037 restricted stock units.
- The RSUs vest over time, with the initial vesting occurring on the one-year anniversary of March 5, 2022, and subsequent vesting quarterly thereafter.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/05/2022 | Vesting commencement date for the RSUs. |
| 03/05/2024 | Date of the reported transactions: RSU vesting and tax withholding. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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