4//SEC Filing
Welch David F 4
Accession 0001138639-24-000227
CIK 0001138639other
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 5:14 PM ET
Size
10.5 KB
Accession
0001138639-24-000227
Insider Transaction Report
Form 4
Infinera CorpINFN
Welch David F
Chief Mktg & Strategy Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-10-05−8,333→ 50,000 total→ Common Stock (8,333 underlying) - Exercise/Conversion
Common Stock
2024-10-05+8,333→ 424,168 total(indirect: See Footnote) - Tax Payment
Common Stock
2024-10-05$6.75/sh−2,801$18,907→ 421,367 total(indirect: See Footnote)
Holdings
- 2,500(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]These shares are held directly by The Welch Family Trust U/A DTD 4/3/1996 ("The Welch Family Trust"), for which Dr. Welch is a trustee.
- [F2]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").
- [F3]These shares are held directly by Dr. Welch as a trustee for his children. Dr. Welch disclaims beneficial ownership of the shares held in trust for his children, and this report shall not be deemed an admission that Dr. Welch is the beneficial owner of the shares held in trust for his children for purposes of Section 16 or for any other purpose.
- [F4]Each RSU represents a contingent right to receive one share of common stock of the Company.
- [F5]These RSUs, originally for a total of 100,000 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 quarterly thereafter, subject to Dr. Welch's continued service to the Company through each applicable vesting date.
Documents
Issuer
Infinera Corp
CIK 0001138639
Entity typeother
Related Parties
1- filerCIK 0001399122
Filing Metadata
- Form type
- 4
- Filed
- Oct 7, 8:00 PM ET
- Accepted
- Oct 8, 5:14 PM ET
- Size
- 10.5 KB