CHEW LEWIS 4
Research Summary
AI-generated summary
Arista (ANET) Director Lewis Chew Receives RSU Award
What Happened
Lewis Chew, a director of Arista Networks (ANET), received an award of 2,153 restricted stock units (RSUs) on May 29, 2026. The grant is recorded at $0 cash paid (derivative award). Each RSU is a contingent right to one share of Arista common stock upon vesting.
Key Details
- Transaction date and type: 2026-05-29 — Grant/Award (transaction code A).
- Quantity and price: 2,153 RSUs granted; $0.00 per unit (no cash exchanged at grant).
- Shares owned after the transaction: Not specified in the information provided in this filing.
- Vesting: 1/4 of the RSUs vest on August 20, 2026, then continue to vest quarterly on the first trading day on/after Feb 20, May 20, Aug 20, and Nov 20 (per footnote).
- Footnotes: F1 clarifies each RSU converts to one share upon vesting; F2 outlines the quarterly vesting schedule.
- Filing timeliness: Report filed on 2026-06-02 for a 2026-05-29 grant; filing appears to be within the Form 4 two-business-day deadline (timely).
Context
This was a compensation grant (award), not an open-market purchase or sale. RSU grants are common for directors and executives as part of pay/retention and do not by themselves indicate buying or selling sentiment. The economic value will depend on Arista's stock price when the RSUs vest and convert to shares.