Form 4: Infinera Corp: Chief Legal Officer David Teichmann Reports Stock Transactions
SEC Form 4 Filing
David Teichmann, Chief Legal Officer of Infinera Corp, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On April 5, 2024, David Teichmann, the Chief Legal Officer of Infinera Corp, engaged in transactions involving the company's stock.
- Teichmann vested 23,334 shares of common stock from restricted stock units (RSUs).
- He also disposed of 8,343 shares to satisfy tax withholding obligations at a price of $5.8 per share.
- Following these transactions, Teichmann directly owns 272,740 shares of Infinera Corp.
- He also holds 38,333 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader trend in the optical networking industry but rather individual executive compensation and financial planning.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/05/2021 | Vesting commencement date for RSUs originally for 50,000 shares. |
| 04/05/2023 | Vesting commencement date for RSUs originally for 57,500 shares. |
| 04/05/2024 | Date of stock transactions: vesting of RSUs and disposal of shares for tax obligations. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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