Form 4: Infinera CFO Nancy Erba Reports Stock Transactions
SEC Form 4
Nancy Erba, CFO of Infinera Corp, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On March 5, 2024, Nancy Erba, the Chief Financial Officer of Infinera Corp, had 7,708 shares of common stock vest from restricted stock units (RSUs).
- Following the vesting, 4,552 shares were withheld by Infinera to satisfy tax obligations at a price of $5.15 per share.
- After these transactions, Ms. Erba directly owns 498,227 shares of Infinera common stock and 30,834 restricted stock units.
- The reported transactions were filed on March 6, 2024.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the trading activities of key executives.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/05/2022 | Vesting commencement date for the RSUs. |
| 03/05/2024 | Date of stock vesting and tax withholding. |
| 03/06/2024 | Date the Form 4 was signed. |
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