Ohlgart Christiane 4

What Happened
Christiane Ohlgart, Chief Financial Officer of Fortinet (FTNT), received an award of 2,366 performance stock units (PSUs) reported on Apr 17, 2026. The grant is recorded as a derivative award at $0.00 (no cash exchanged); each PSU is a contingent right to one share and will convert to common stock upon settlement.

Key Details

• Transaction date and type: 2026-04-17 — Award/Grant of 2,366 PSUs (code A); reported acquisition price $0.00 (derivative).
• Vesting/settlement: 100% of the PSUs vest and will settle on May 1, 2026, subject to Ohlgart’s continued service on that date. Shares will be delivered on settlement.
• Performance criteria: PSUs were earned based on relative shareholder return for a performance period ending March 31, 2026, as certified by the HR Committee on Apr 17, 2026.
• PSU mechanics: Each PSU equals one contingent share; PSUs do not expire — they either vest or are canceled prior to vesting.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Form 4 was filed on Apr 20, 2026 for an Apr 17 transaction; this appears timely (not reported as late).

Context
This was a compensation award (performance-based PSU grant), not an open-market purchase or sale. Such grants are common executive compensation tied to performance metrics and do not by themselves signal a buy/sell intent. Upon settlement on May 1, 2026 (if service condition is met), Ohlgart will receive Fortinet common stock equal to the number of vested PSUs.