HEARD DAVID W 4
4 · Infinera Corp · Filed Jan 7, 2025
Insider Transaction Report
Form 4
Infinera CorpINFN
HEARD DAVID W
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2025-01-05+28,125→ 1,108,905 total - Tax Payment
Common Stock
2025-01-05$6.59/sh−8,416$55,461→ 1,100,489 total - Exercise/Conversion
Restricted Stock Units
2025-01-05−28,125→ 140,624 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.