David W. Heard - 13 Mar 2023 Form 4 Insider Report for Infinera Corp

Role
Chief Executive Officer, Director
Signature
/s/ Nicholas Janof, by Power of Attorney
Issuer symbol
N/A
Transactions as of
13 Mar 2023
Net transactions value
$0
Form type
4
Filing time
13 Mar 2023, 19:23:06 UTC
Previous filing
07 Mar 2023
Next filing
06 Apr 2023
SEC
View on sec.gov

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 INFN Restricted Stock Units Award $0 +337,500 $0.000000 337,500 13 Mar 2023 Common Stock 337,500 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
F2 These RSUs vest as to one-third of the shares on the one-year anniversary of the vesting commencement date, which is April 5, 2023, and 1/12th quarterly thereafter, subject to Mr. Heard's continued service to the Company through each applicable vesting date.