Whittle John 4

What Happened
John Whittle, Chief Operating Officer of Fortinet, received a grant of 15,660 restricted stock units (RSUs) on February 20, 2026. The award is reported as a derivative grant (transaction code A) with an acquisition price of $0.00; no cash changed hands at grant. These RSUs represent contingent rights to receive Fortinet common stock when they vest, so this is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-23 (filed within the typical 2-business-day window).
• Grant size: 15,660 RSUs; grant price reported as $0.00 (RSUs convert to shares on vesting).
• Vesting schedule (per filing footnote): 25% of the RSUs vest on Feb 1, 2027; the remaining 75% vest in equal quarterly installments thereafter until fully vested.
• RSU terms: Each RSU equals a contingent right to one share; RSUs do not expire and are either vested or cancelled prior to vesting.
• Shares owned after the transaction: not specified in the provided filing.
• Transaction code: A = Award/Grant (derivative). No 10b5-1 plan, tax-withholding, or late-filing flag reported in the supplied details.

Context
RSU grants are a common form of executive compensation and are realized only as they vest (they are not an immediate cash or open-market purchase). This grant increases the potential future equity holdings of the COO if he remains with the company through vesting dates; it does not by itself indicate current buying or selling sentiment.