Fernicola Michael H 4
4 · Infinera Corp · Filed Mar 6, 2024
Insider Transaction Report
Form 4
Infinera CorpINFN
Fernicola Michael H
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2024-03-05+5,833→ 127,600 total - Tax Payment
Common Stock
2024-03-05$5.15/sh−3,266$16,820→ 124,334 total - Exercise/Conversion
Restricted Stock Units
2024-03-05−5,833→ 23,334 total→ Common Stock (5,833 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 70,000 shares, vest as to one-third of the shares on the one-year anniversary of the March 5, 2022 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.