HEARD DAVID W 4
4 · Infinera Corp · Filed Sep 6, 2024
Insider Transaction Report
Form 4
Infinera CorpINFN
HEARD DAVID W
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2024-09-05+19,259→ 1,062,349 total - Exercise/Conversion
Restricted Stock Units
2024-09-05−19,259→ 38,519 total→ Common Stock (19,259 underlying) - Tax Payment
Common Stock
2024-09-05$6.21/sh−8,882$55,157→ 1,053,467 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 231,111 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. Heard's continued service to the Company through each applicable vesting date.