Walden Nicholas 4
4 · Infinera Corp · Filed Jul 9, 2024
Insider Transaction Report
Form 4
Infinera CorpINFN
Walden Nicholas
SVP, Worldwide Sales
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-07-05−5,416→ 37,917 total→ Common Stock (5,416 underlying) - Tax Payment
Common Stock
2024-07-05$6.15/sh−2,482$15,264→ 157,511 total - Exercise/Conversion
Common Stock
2024-07-05+5,416→ 159,993 total
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 65,000 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. Walden's continued service to the Company through each applicable vesting date.