Fernicola Michael H 4
4 · Infinera Corp · Filed Apr 8, 2024
Insider Transaction Report
Form 4
Infinera CorpINFN
Fernicola Michael H
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2024-04-05$5.80/sh−4,991$28,948→ 133,302 total - Exercise/Conversion
Common Stock
2024-04-05+13,959→ 138,293 total - Exercise/Conversion
Restricted Stock Units
2024-04-05−12,500→ 25,000 total→ Common Stock (12,500 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-05−1,459→ 0 total→ Common Stock (1,459 underlying)
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 37,500 shares, vest as to one-third of the shares on the one-year anniversary of the April 5, 2023 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.