Form 4: Infinera Corp Executive Walden Reports Stock Transactions
SEC Form 4 Filing
SVP Nicholas Walden reports the vesting of restricted stock units and subsequent tax withholding, affecting his beneficial ownership of Infinera Corp stock.
Summary
- On March 5, 2024, Nicholas Walden, SVP of Worldwide Sales at Infinera Corp, reported transactions involving common stock and restricted stock units (RSUs).
- Walden vested 5,333 shares of common stock from RSUs.
- 2,912 shares were withheld by Infinera to satisfy tax obligations related to the RSU vesting at a price of $5.15.
- Following these transactions, Walden directly owns 113,782 shares of common stock and 21,334 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/05/2022 | Vesting commencement date for the restricted stock units. |
| 03/05/2024 | Date of the reported stock transactions (RSU vesting and tax withholding). |
| 03/06/2024 | Date of signature for the report. |
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