Form 4: Infinera Corp Executive Walden Nicholas Reports Stock Transactions
SEC Form 4 Filing
SVP Walden Nicholas reports the vesting and subsequent sale of Infinera Corp stock to cover tax obligations.
Summary
- On April 5, 2024, Nicholas Walden, SVP of Worldwide Sales at Infinera Corp, reported transactions involving common stock and Restricted Stock Units (RSUs).
- Walden acquired 26,251 shares of common stock through the vesting of RSUs.
- He then disposed of 10,951 shares to cover tax withholding obligations at a price of $5.8 per share.
- Following these transactions, Walden directly owns 129,082 shares of Infinera Corp common stock.
- He also continues to hold 43,333 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no indication of positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. This filing provides transparency into the executive's holdings and recent transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 04/05/2021 | Vesting commencement date for 1/3 of 55,000 RSUs. |
| 04/05/2023 | Vesting commencement date for 1/3 of 65,000 RSUs. |
| 04/05/2024 | Date of stock and RSU transactions. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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