Form 4: Infinera Corp Director Christine Bucklin Reports Acquisition of Restricted Stock Units

Christine Bucklin, a director at Infinera Corp, reported the acquisition of 36,697 Restricted Stock Units (RSUs) on June 12, 2024.

Summary

• On June 12, 2024, Christine Bucklin, a director of Infinera Corp, acquired 36,697 Restricted Stock Units (RSUs).
• These RSUs will vest on the earlier of the company's 2025 annual meeting of stockholders (if it occurs at least 50 weeks after the 2024 meeting) or the one-year anniversary of the grant date (June 12, 2024), contingent upon Ms. Bucklin's continued service.
• The shares were withheld by Infinera Corporation to cover tax obligations related to the settlement of vested RSUs.
• The transaction was reported on a Form 4 filing with the SEC on June 14, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral report of a standard transaction (stock grant) and does not inherently indicate positive or negative sentiment.

Future Outlook

The RSUs will vest based on the timing of the 2025 annual meeting or the one-year anniversary of the grant date, contingent on continued service.

Industry Context

This filing is a routine disclosure of stock-based compensation for a company director, common in publicly traded companies to align management interests with shareholder value.

Stakeholder Impact

• The acquisition of RSUs by a director aligns their interests with those of shareholders, potentially incentivizing performance that benefits the company's value.

Key Dates