Fernicola Michael H 4
4 · Infinera Corp · Filed Oct 6, 2023
Insider Transaction Report
Form 4
Infinera CorpINFN
Fernicola Michael H
Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-10-05−1,459→ 2,917 total→ Common Stock (1,459 underlying) - Exercise/Conversion
Common Stock
2023-10-05+7,129→ 121,627 total - Exercise/Conversion
Restricted Stock Units
2023-10-05−5,670→ 0 total→ Common Stock (5,670 underlying) - Tax Payment
Common Stock
2023-10-05$3.70/sh−3,536$13,083→ 118,091 total
Footnotes (4)
- [F1]Represents shares that have been withheld by Infinera Corporation (the "Company") to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSUs").
- [F2]Each RSU represents a contingent right to receive one share of common stock of the Company.
- [F3]These RSUs, originally for a total of 17,500 shares, vest as to one-third of the shares on the one-year anniversary of the April 5, 2021 vesting commencement date, and 1/12th of the shares vest quarterly thereafter, subject to Mr. Fernicola's continued service to the Company through each applicable vesting date.
- [F4]These RSUs, originally for a total of 11,340 shares, vest as to one-half of the shares on the one-year anniversary of the April 5, 2022 vesting commencement date, and 1/2 of the shares vest semi-annually thereafter, subject to Mr. Fernicola' s continued service to the Company through each applicable vesting date.