Form 4: Infinera Director Christine Bucklin Reports Stock Transactions

Director Christine Bucklin reports the vesting of restricted stock units and subsequent acquisition of common stock.

Summary

• On May 18, 2024, Christine Bucklin, a director of Infinera Corp, reported a transaction involving restricted stock units (RSUs).
• 39,447 RSUs vested, converting into 39,447 shares of common stock.
• Following the transaction, Ms. Bucklin directly owns 135,019 shares of Infinera Corp.
• The RSUs vested on the earlier of the date of the next annual meeting of stockholders or the one-year anniversary of the date of grant, with a vesting commencement date of May 18, 2023, subject to Ms. Bucklin's continued service to the Company.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects the standard vesting of previously granted compensation.

Positives

• The vesting of RSUs indicates that Ms. Bucklin has met the service requirements set by the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The transaction increases the number of outstanding shares, which could have a minor dilutive effect on existing shareholders.

Key Dates