Fortinet (FTNT) Director Derek Kan Receives 1,836 RSUs

What Happened Derek T. Kan, a director of Fortinet, received an award of 1,836 restricted stock units (RSUs) on August 12, 2026. The transaction is reported as an award/acquisition (code A) at $0.00 per share because RSUs are a contingent right to receive shares upon vesting (a derivative grant rather than an immediate cash purchase).

Key Details

• Transaction date: 2026-08-12; reported on 2026-08-13 (timely filing).
• Grant: 1,836 RSUs; reported acquisition price $0.00 (RSUs, not immediate stock).
• Vesting schedule: RSUs vest in substantially equal increments on Sep 30, 2026; Dec 31, 2026; Mar 31, 2027; and the earlier of Jun 30, 2027 or the day before Fortinet’s 2027 annual meeting, subject to continued service.
• Each RSU converts to one share upon settlement; RSUs do not expire but are either vested or canceled prior to vesting.
• Shares owned after the grant were not specified in the filing.

Context This is a standard equity compensation award to a director (derivative grant), not an open‑market purchase or sale. Such awards align pay with company performance/governance and do not indicate an immediate buying or selling signal.