Form 4: Infinera Director Sharon E. Holt Reports Stock Transactions
SEC Form 4 Filing
Director Sharon E. Holt reports the vesting and subsequent disposal of restricted stock units (RSUs) into common stock of Infinera Corp.
Summary
- On May 18, 2024, Sharon E. Holt, a director of Infinera Corp, reported transactions involving restricted stock units (RSUs).
- 39,447 RSUs vested and were converted into common stock.
- The same day, 39,447 shares of common stock were disposed of.
- Following these transactions, Ms. Holt directly owns 232,174 shares of Infinera Corp.
- The RSUs vested on the earlier of the next annual meeting or the one-year anniversary of the grant date (May 18, 2023), contingent upon continued service to the company.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company director, and does not 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. The vesting of RSUs and subsequent sale of shares is a common occurrence.
Stakeholder Impact
- The transactions reported in this filing provide transparency to shareholders regarding the stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| May 18, 2023 | Vesting commencement date of the restricted stock units. |
| May 18, 2024 | Date of transaction: vesting of RSUs and disposal of common stock. |
| May 21, 2024 | Date of signature on the Form 4 filing. |
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