David W. Heard - Mar 13, 2023 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Executive Officer, Director
Signature
/s/ Nicholas Janof, by Power of Attorney
Stock symbol
INFN
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/13/2023, 07:23 PM
Previous filing
Mar 7, 2023
Next filing
Apr 6, 2023

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 +338K $0.00 338K Mar 13, 2023 Common Stock 338K 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.