Robert Mobassaly - 19 Dec 2024 Form 4 Insider Report for JUNIPER NETWORKS INC (JNPR)

Signature
By: /s/ Colin Lloyd, as attorney-in-fact For: Robert Mobassaly
Issuer symbol
JNPR
Transactions as of
19 Dec 2024
Net transactions value
-$1,573,832
Form type
4
Filing time
20 Dec 2024, 17:02:08 UTC
Previous filing
24 Jul 2024
Next filing
14 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JNPR Common Stock Options Exercise $0 +11,572 +23% $0.000000 61,987 19 Dec 2024 Direct F1
transaction JNPR Common Stock Options Exercise $0 +11,121 +18% $0.000000 73,108 19 Dec 2024 Direct F1
transaction JNPR Common Stock Options Exercise $0 +20,592 +28% $0.000000 93,700 19 Dec 2024 Direct F1
transaction JNPR Common Stock Options Exercise $0 +37,500 +40% $0.000000 131,200 19 Dec 2024 Direct F1
transaction JNPR Common Stock Tax liability $1,573,832 -42,536 -32% $37.00 88,664 19 Dec 2024 Direct F2

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 Options Exercise $0 -11,572 -100% $0.000000 0 19 Dec 2024 Common Stock 11,572 $0.000000 Direct F1, F3
transaction JNPR RSU Award Options Exercise $0 -11,121 -100% $0.000000 0 19 Dec 2024 Common Stock 11,121 $0.000000 Direct F1, F4
transaction JNPR RSU Award Options Exercise $0 -20,592 -100% $0.000000 0 19 Dec 2024 Common Stock 20,592 $0.000000 Direct F1, F5
transaction JNPR RSU Award Options Exercise $0 -37,500 -100% $0.000000 0 19 Dec 2024 Common Stock 37,500 $0.000000 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with that certain Agreement and Plan of Merger, dated as of January 9, 2024 (the "Merger Agreement"), entered into by and among Juniper Networks, Inc., a Delaware corporation (the "Issuer"), Hewlett Packard Enterprise Company, a Delaware corporation, and Jasmine Acquisition Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent, the Compensation Committee of the Issuer's Board of Directors (the "Committee") approved the acceleration of the payment of certain equity awards to mitigate certain adverse tax consequences under Section 280G or 4999 of the Internal Revenue Code of 1986, as amended, that could arise in connection with the anticipated transactions under the Merger Agreement. The accelerated settlement of equity awards reported in this Form 4 was contingent upon the reporting person's agreement to repay accelerated compensation amounts under certain conditions.
F2 Represents shares withheld from the released share awards for the payment of applicable income and payroll withholding taxes due on release.
F3 Represents performance-based restricted share units granted to the reporting person on February 20, 2022 and scheduled to vest in the first quarter of 2025 following certification by the Committee, subject to the reporting person's service through the settlement date. The number of performance-based restricted share units reported represents 100% of the 6,315 shares that were certified by the Committee on February 9, 2023 and 100% of the 5,257 shares that were certified by the Committee on February 14, 2024.
F4 Represents a grant of 33,700 shares granted to the reporting person on February 18, 2022 and scheduled to vest thirty-four percent on the one year anniversary of the grant date and thirty-three percent annually on the second anniversary and third anniversary. The number of RSUs reported represents 100% of the number of RSUs scheduled to vest on February 18, 2025.
F5 Represents a grant of 31,200 shares granted to the reporting person on February 20, 2023 and scheduled to vest thirty-four percent on the one year anniversary of the grant date and thirty-three percent annually on the second anniversary and third anniversary. The number of RSUs reported represents 100% of the number of RSUs scheduled to vest on February 20, 2025 and February 20, 2026.
F6 Represents a grant of 37,500 shares granted to the reporting person on February 20, 2024 and scheduled to vest thirty-four percent on the one year anniversary of the grant date and thirty-three percent annually on the second anniversary and third anniversary. The number of RSUs reported represents 100% of the number of RSUs scheduled to vest on February 20, 2025, February 20, 2026, and February 20, 2027.