Form 4: Infinera Corp Executive Michael Fernicola Reports Stock Transactions
SEC Form 4 Filing
Michael Fernicola, a former Chief Accounting Officer at Infinera Corp, reported the acquisition and disposal of common stock and restricted stock units on June 5, 2024.
Summary
- On June 5, 2024, Michael Fernicola, a former Chief Accounting Officer of Infinera Corp, reported transactions involving the company's stock.
- Fernicola acquired 5,833 shares of common stock upon the vesting of restricted stock units (RSUs).
- He also disposed of 2,082 shares to cover tax withholding obligations at a price of $5.51 per share.
- Following these transactions, Fernicola directly owns 144,884 shares of Infinera Corp common stock.
- He also holds 17,501 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of individuals with access to non-public information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by an insider.
Key Dates
| Date | Description |
|---|---|
| 03/05/2022 | Vesting commencement date for restricted stock units. |
| 06/05/2024 | Date of stock transactions (acquisition and disposal). |
| 06/07/2024 | Date of signature for the report. |
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