Form 4: Infinera Director David F. Welch Reports Stock Transactions
SEC Form 4 Filing
Director David F. Welch reports acquisition and disposal of Infinera Corp stock and restricted stock units due to vesting and tax obligations.
Summary
- David F. Welch, a director at Infinera Corp, filed a Form 4 detailing changes in beneficial ownership.
- On October 5, 2024, Welch acquired 8,333 shares of common stock at $0 through the vesting of restricted stock units.
- On the same day, 2,801 shares were disposed of at $6.75 to cover tax obligations related to the RSU vesting.
- Following these transactions, Welch directly owns 421,367 shares through The Welch Family Trust and indirectly owns 2,500 shares as a trustee for his children.
- He also directly owns 50,000 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the director's transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 4/3/1996 | Date of The Welch Family Trust U/A DTD |
| 04/05/2023 | Vesting commencement date for Restricted Stock Units |
| 10/05/2024 | Date of stock acquisition and disposal |
| 10/08/2024 | Date of signature for the Form 4 filing |
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