HEARD DAVID W 4
4 · Infinera Corp · Filed Oct 8, 2024
Insider Transaction Report
Form 4
Infinera CorpINFN
HEARD DAVID W
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2024-10-05+28,125→ 1,081,592 total - Tax Payment
Common Stock
2024-10-05$6.75/sh−11,311$76,349→ 1,070,281 total - Exercise/Conversion
Restricted Stock Units
2024-10-05−28,125→ 168,749 total→ Common Stock (28,125 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 337,500 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. Heard's continued service to the Company through each applicable vesting date.