Kenneth B. Miller - 14 Feb 2024 Form 4 Insider Report for JUNIPER NETWORKS INC (JNPR)

Role
EVP CFO
Signature
By: /s/ Colin Lloyd, as attorney-in-fact For: Kenneth Miller
Issuer symbol
JNPR
Transactions as of
14 Feb 2024
Net transactions value
-$556,212
Form type
4
Filing time
16 Feb 2024, 16:38:35 UTC
Previous filing
15 Nov 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JNPR Common Stock Sale $556,212 -15,000 -49% $37.08 15,893 15 Feb 2024 Direct F1, F2, F3
holding JNPR Common Stock 180,828 14 Feb 2024 by Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JNPR Performance Stock Unit Award $0 +46,364 +180% $0.000000 72,138 14 Feb 2024 Common Stock 46,364 $0.000000 Direct F4, F5
transaction JNPR Performance Stock Unit Award $0 +7,550 +83% $0.000000 16,620 14 Feb 2024 Common Stock 7,550 $0.000000 Direct F5, F6
transaction JNPR Performance Stock Unit Award $0 +9,235 $0.000000 9,235 14 Feb 2024 Common Stock 9,235 $0.000000 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions set forth herein are made pursuant to a plan adopted on March 14, 2023 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.05 to $37.12, inclusive. The reporting person undertakes to provide to Juniper Networks, any security holder of Juniper Networks, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 Amount of securities owned includes 893 shares acquired by the reporting person under the Juniper Networks, Inc. 2008 Employee Stock Purchase Plan on 01/31/2024.
F4 Represents (i) one tranche of the performance award and (ii) the total stockholder return tranche of the award granted in the first quarter of 2021. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee. The tranches will vest on 2/16/2024 subject to the reporting person's service through the settlement date.
F5 Column 8 is not an applicable reportable field.
F6 Represents one tranche of an award granted in the first quarter of 2022. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee. This tranche will vest in the first quarter of 2025 following certification by the Compensation Committee of the final tranche of the award, subject to the reporting person's service through the date of such certification and the settlement date.
F7 Represents one tranche of an award granted in the first quarter of 2023. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee. This tranche will vest in the first quarter of 2026 following certification by the Compensation Committee of the final tranche of the award, subject to the reporting person's service through the date of such certification and the settlement date.