Form 4: Infinera Director Paul Milbury Reports Stock Transactions
SEC Form 4 Filing
Director Paul Milbury reports the vesting and disposal of restricted stock units into common stock of Infinera Corp.
Summary
- On May 18, 2024, Paul Milbury, a director of Infinera Corp, reported transactions involving the company's stock.
- Milbury disposed of 39,447 shares of common stock upon the vesting of restricted stock units (RSUs).
- Following the transaction, Milbury beneficially owns 192,931 shares of Infinera Corp.
- The RSUs vested on the earlier of the next annual meeting of stockholders or the one-year anniversary of the grant date (May 18, 2023), contingent upon Milbury's continued service to the company.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company director, and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | Vesting commencement date of Restricted Stock Units |
| 05/18/2024 | Date of transaction: vesting and disposal of RSUs |
| 05/21/2024 | Date of signature on the Form 4 filing |
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