Form 4: Infinera Corp Director Paul J. Milbury Acquires Restricted Stock Units
SEC Form 4
Director Paul J. Milbury acquired 36,697 restricted stock units of Infinera Corp on June 12, 2024.
Summary
- Paul J. Milbury, a director of Infinera Corp, acquired 36,697 restricted stock units (RSUs) on June 12, 2024.
- Each RSU represents a contingent right to receive one share of Infinera's common stock.
- The RSUs 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 one year from the grant date (June 12, 2024), contingent upon Mr. Milbury's continued service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing the grant of restricted stock units to a company director, indicating a neutral sentiment.
Industry Context
This is a standard disclosure related to insider transactions, common in publicly traded companies.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Paul J. Milbury acquired 36,697 restricted stock units. |
| 06/12/2024 | Date of 2024 annual meeting of stockholders. |
| 06/14/2024 | Date of signature on the Form 4 filing. |
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