Form 4: Infinera Corp Executive Walden Reports Stock Transactions
SEC Form 4 Filing
Nicholas Walden, SVP at Infinera Corp, reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- On July 5, 2024, Nicholas Walden, SVP of Worldwide Sales at Infinera Corp, reported transactions involving common stock and restricted stock units (RSUs).
- Walden acquired 5,416 shares of common stock upon the vesting of RSUs.
- Simultaneously, 2,482 shares were disposed of to cover tax withholding obligations at a price of $6.15 per share.
- Following these transactions, Walden directly owns 157,511 shares of common stock and 37,917 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates Walden's transactions in Infinera stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| April 5, 2023 | Vesting commencement date for the RSUs. |
| July 5, 2024 | Date of stock and RSU transactions. |
| July 9, 2024 | Date of signature on the Form 4 filing. |
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