Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | INFN | Common Stock | Options Exercise | $0 | +31.8K | +4.93% | $0.00 | 677K | Oct 5, 2022 | Direct | |
transaction | INFN | Common Stock | Tax liability | -$90.5K | -16.8K | -2.48% | $5.40 | 660K | Oct 5, 2022 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | INFN | Restricted Stock Units | Options Exercise | $0 | -17.5K | -100% | $0.00* | 0 | Oct 5, 2022 | Common Stock | 17.5K | Direct | F2, F3 | |
transaction | INFN | Restricted Stock Units | Options Exercise | $0 | -14.3K | -14.29% | $0.00 | 86K | Oct 5, 2022 | Common Stock | 14.3K | Direct | F2, F4 |
Id | Content |
---|---|
F1 | Represents shares that have been withheld by Infinera Corporation (the "Company") to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSU"). |
F2 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Company. |
F3 | These RSUs, originally for a total of 70,000 shares, vest in four annual installments beginning on October 5, 2019, subject to Mr. Heard's continued service to the Company through each applicable vesting date. |
F4 | These RSUs, originally for a total of 172,000 shares, vest as to one-third of the shares on the one-year anniversary of the April 5, 2021 vesting commencement date, and 1/12th of the shares vest quarterly thereafter, subject to Mr. Heard's continued service to the Company through each applicable vesting date. |