INFN.Infinera CORP

Form 4: Infinera CFO Nancy Erba Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Nancy Erba, CFO of Infinera Corp, reports the disposition of shares to cover tax obligations related to vested restricted stock units.

Summary

  • Nancy Erba, the Chief Financial Officer of Infinera Corp, filed a Form 4 detailing changes in beneficial ownership.
  • On April 5, 2024, Ms. Erba disposed of 44,167 shares of common stock at $0 and 16,953 shares at $5.8 to cover tax obligations related to vested restricted stock units.
  • Following these transactions, Ms. Erba directly owns 525,441 shares of Infinera Corp.
  • The transactions involved the vesting of 5,000 and 39,167 restricted stock units (RSUs) which convert into common stock.
  • The RSUs vest over time, contingent on Ms. Erba's continued service to the company.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock transactions related to vested equity compensation.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they involve the CFO's personal stock holdings and tax obligations.

Key Dates

DateDescription
04/05/2021Vesting commencement date for RSUs (one-third of 60,000 shares vest on the one-year anniversary).
04/05/2023Vesting commencement date for RSUs (one-third of 117,500 shares vest on the one-year anniversary).
04/05/2024Date of stock transactions: disposition of shares and vesting of RSUs.
04/08/2024Date of signature on the Form 4 filing.

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