Weber Robert Scott 4
Research Summary
AI-generated summary
A10 Networks (ATEN) General Counsel Weber Receives Stock Awards
What Happened
- Weber Robert Scott (General Counsel) received stock awards from A10 Networks (ATEN) on February 12, 2026: 7,413 time‑based Restricted Stock Units (RSUs) and 7,413 Performance‑based Restricted Stock Units (PSUs). Both grants were awarded at $0 per share (typical for equity compensation awards) and therefore show $0 purchase price on the Form 4. This is an award/grant (code A), not a market purchase or sale.
Key Details
- Transaction date: February 12, 2026; Form 4 filed February 13, 2026 (timely).
- Awards: 7,413 RSUs (time‑based) + 7,413 PSUs (performance‑based) = 14,826 units total.
- RSU vesting (F1): One‑third vests on each of the first three anniversaries of the Vesting Commencement Date (2/1/2026), contingent on continued service.
- PSU terms (F2/F3): 7,413 PSUs vest only if specified VWAP performance milestones are met during any 100‑day trading period between Feb 12, 2026 and Feb 12, 2030. If a milestone is achieved, 50% of that tranche vests within 30 days of achievement and the remaining 25% vests on each of the first and second anniversaries of achievement, subject to continued employment.
- Shares owned after the transaction: not reported in the provided excerpt of the filing.
- Transaction codes: A = Award/Grant; derivative reporting indicates PSUs are contingent rights (not currently tradable shares).
Context
- These awards are compensation‑style grants, not purchases or sales—so they reflect company compensation decisions rather than the insider buying or selling stock in the open market. PSUs are performance‑contingent: they only convert to actual shares if the specified price/volume conditions are met within the multi‑year performance window.