Key facts
- This page summarizes David Teichmann's Form 4 filing for Infinera Corp.
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 07 Jan 2022, 17:36.
David Teichmann - 05 Jan 2022 Form 4 Insider Report for Infinera Corp
- Reporting relationship
- Chief Legal Officer
- Issuer ticker
- N/A
- Reported as of
- 05 Jan 2022
- Net transaction value
- -$38,089
- SEC form
- 4
- Accepted by SEC
- 07 Jan 2022, 17:36:05 UTC
- Prior SEC filing
- 07 Dec 2021
- Next SEC filing
- 03 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael Hopp, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
David Teichmann filed Form 4 for Infinera Corp on 07 Jan 2022.
Change
- Previous filing in this sequence was filed on 07 Dec 2021.
- Current net transaction value: -$38,089.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
INFN
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +7,224
- Change %
- +5.8%
- Price
- $0.000000
- Shares after
- 131,009
- Date
- 05 Jan 2022
- Ownership
- Direct
INFN
transaction
Common Stock
Tax liability
- Transaction value
- $38,089
- Shares
- -4,052
- Change %
- -3.1%
- Price
- $9.40
- Shares after
- 126,957
- Date
- 05 Jan 2022
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
INFN
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -7,224
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 05 Jan 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 7,224
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
Footnote F2
On June 6, 2019, Mr. Teichmann was granted a PSU award for a target number of 65,000 shares of common stock that could become eligible to vest subject to the Company's achievement of positive operating income (the "Performance Goal") during fiscal 2019 through fiscal 2021. The Performance Goal is measured on a non-GAAP basis, either (a) for a full fiscal year or (b) for any four consecutive fiscal quarters. The Company achieved the Performance Goal during the four consecutive fiscal quarters ending with the fiscal quarter ended June 26, 2021, as certified by the Company's Compensation Committee on September 13, 2021, per the terms of the PSU award. As a result, 57,776 shares of common stock underlying this award vested on October 5, 2021 and 7,224 shares of common stock underlying this award will vest on January 5, 2022, each vesting subject to Mr. Teichmann's continued service to the Company through such date.