Form 4: Infinera CFO Nancy Erba Reports Stock Transactions
SEC Form 4 Filing
Nancy Erba, CFO of Infinera Corp, reports the disposition and acquisition of common stock and restricted stock units.
Summary
- On September 5, 2024, Nancy Erba, the Chief Financial Officer of Infinera Corp, reported transactions involving the company's stock.
- Erba disposed of 4,144 shares of common stock at a price of $6.21 to satisfy tax obligations related to vested restricted stock units (RSUs).
- She also acquired 7,709 shares of common stock upon the vesting of restricted stock units.
- Following these transactions, Erba directly owns 563,830 shares of Infinera Corp.
- Erba also holds 15,417 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| March 5, 2022 | Vesting commencement date for restricted stock units. |
| September 5, 2024 | Date of stock transactions and Power of Attorney execution. |
| September 6, 2024 | Date of signature by Power of Attorney. |
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