Form 4: Juniper Networks Director William Stensrud Reports Stock Transfer to Trust After RSU Vesting
SEC Form 4 Filing
Director William Stensrud reports the vesting of restricted stock units (RSUs) and subsequent transfer of shares to a trust.
Summary
- William Stensrud, a director at Juniper Networks Inc., reported transactions related to restricted stock units (RSUs).
- On May 10, 2024, 7,682 shares of common stock vested from an RSU award.
- These shares were then transferred to the William Stensrud Trust.
- The RSU award was granted at the 2023 annual stockholder meeting and vested fully on May 10, 2024, based on the terms of the Juniper Networks, Inc. 2015 Equity Incentive Plan.
- Following these transactions, Stensrud directly holds no shares and indirectly holds 117,519 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, indicating a neutral 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 has a minor impact on shareholders as it reflects the standard vesting of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/10/2023 | Date of the 2023 annual stockholder meeting where the RSU award was granted. |
| 05/10/2024 | Date of RSU vesting and stock transfer to the William Stensrud Trust. |
| 06/04/2024 | Date of the upcoming 2024 annual stockholder meeting. |
| 05/13/2024 | Date of the Form 4 filing. |
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