Form 4: Juniper Networks Director Anne DelSanto Reports Stock Transfers to Family Trust
SEC Form 4
Director Anne DelSanto reported the transfer of 7,682 shares of Juniper Networks stock to The DelSanto Family Trust following the vesting of a restricted stock unit.
Summary
- On May 10, 2024, Anne DelSanto, a director of Juniper Networks Inc., reported transactions involving the company's common stock.
- DelSanto transferred 7,682 shares to The DelSanto Family Trust after they vested from a restricted stock unit (RSU).
- The RSU award vested fully on May 10, 2024, based on the terms of the Juniper Networks, Inc. 2015 Equity Incentive Plan and the timing of the company's annual stockholder meetings.
- Following the reported transactions, DelSanto directly owns 0 shares and indirectly owns 33,325 shares through the trust.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Related Party Transactions
- The transfer of shares to The DelSanto Family Trust constitutes a related party transaction.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders, as it is a transfer of ownership from an individual to a trust controlled by the same individual.
Key Dates
| Date | Description |
|---|---|
| May 10, 2023 | Date of the 2023 annual stockholder meeting where the RSU award was granted. |
| May 10, 2024 | Date of the stock transfer and vesting of the RSU award. |
| June 4, 2024 | Date of the upcoming 2024 annual stockholder meeting. |
| May 13, 2024 | Date of the report filing. |
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