Form 4: Infinera CFO Nancy Erba Reports Stock Transactions

Infinera's Chief Financial Officer, Nancy Erba, executed stock transactions involving the vesting of restricted stock units and the withholding of shares for tax obligations.

Summary

• Nancy Erba, the Chief Financial Officer of Infinera Corp, reported transactions involving the company's stock on January 5, 2025.
• She acquired 9,791 shares of common stock through the vesting of restricted stock units (RSUs).
• Additionally, 5,491 shares were withheld to cover tax obligations related to the vesting of the RSUs.
• The price of the shares withheld for taxes was $6.59 per share.
• Following these transactions, Ms. Erba directly owns 576,222 shares of Infinera common stock and 48,959 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any unusual or concerning activity. It is a routine filing.

Industry Context

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

Comparison to Industry Standards

• The vesting schedule of one-third after one year and the remainder quarterly is a common practice for technology companies.
• The use of restricted stock units as part of executive compensation is standard across the industry.
• The tax withholding process is a standard procedure for equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Infinera, stock transactions, restricted stock units, RSU, insider trading, Form 4, Nancy Erba, CFO, tax withholding