Fernicola Michael H 4
4 · Infinera Corp · Filed Jan 8, 2024
Insider Transaction Report
Form 4
Infinera CorpINFN
Fernicola Michael H
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2024-01-05+1,458→ 122,490 total - Tax Payment
Common Stock
2024-01-05$4.38/sh−723$3,167→ 121,767 total - Exercise/Conversion
Restricted Stock Units
2024-01-05−1,458→ 1,459 total→ Common Stock (1,458 underlying)
Footnotes (3)
- [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.