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 on June 5, 2024.
Summary
- On June 5, 2024, Nancy Erba, the Chief Financial Officer & CAO of Infinera Corp, reported transactions involving the company's stock.
- Erba disposed of 7,708 shares of common stock to cover the exercise of restricted stock units (RSUs).
- Additionally, 2,987 shares were disposed of to satisfy tax withholding obligations related to the vesting of RSUs at a price of $5.51.
- Following these transactions, Erba directly owns 555,737 shares of Infinera Corp.
- Erba also holds 23,126 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| March 5, 2022 | Vesting commencement date for the restricted stock units. |
| 06/05/2024 | Date of the reported transactions involving common stock and restricted stock units. |
| 06/07/2024 | Date of signature for the report. |
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