INFN.Infinera CORP
Form 4: Infinera Corp: Chief Accounting Officer Michael H. Fernicola Reports Stock Transactions
Sentiment:
SEC Form 4 Filing
Michael H. Fernicola, Chief Accounting Officer of Infinera Corp, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On April 5, 2024, Michael H. Fernicola, the Chief Accounting Officer of Infinera Corp, engaged in transactions involving common stock and restricted stock units (RSUs).
- Fernicola acquired 13,959 shares of common stock through the vesting of RSUs.
- He also disposed of 4,991 shares to satisfy tax withholding obligations related to the vested RSUs at a price of $5.8 per share.
- Following these transactions, Fernicola directly owns 133,302 shares of Infinera Corp.
- He also holds 25,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an officer, with no indication of positive or negative sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/05/2021 | Vesting commencement date for 17,500 RSUs, vesting one-third on the one-year anniversary and 1/12th quarterly thereafter. |
| 04/05/2023 | Vesting commencement date for 37,500 RSUs, vesting one-third on the one-year anniversary and 1/12th quarterly thereafter. |
| 04/05/2024 | Date of transactions involving common stock and restricted stock units. |
| 04/08/2024 | Date of signature for the report. |
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