Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | INFN | Common Stock | Options Exercise | $0 | +40.1K | +4.99% | $0.00 | 844K | Dec 5, 2023 | Direct | |
transaction | INFN | Common Stock | Tax liability | -$89.5K | -21.1K | -2.5% | $4.24 | 823K | Dec 5, 2023 | 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 | -19.3K | -16.67% | $0.00 | 96.3K | Dec 5, 2023 | Common Stock | 19.3K | Direct | F2, F3 | |
transaction | INFN | Restricted Stock Units | Options Exercise | $0 | -20.8K | -100% | $0.00* | 0 | Dec 5, 2023 | Common Stock | 20.8K | 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 ("RSUs"). |
F2 | Each RSU represents a contingent right to receive one share of common stock of the Company. |
F3 | These RSUs, originally for a total of 231,111 shares, vest as to one-third of the shares on the one-year anniversary of the March 5, 2022 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. |
F4 | These RSUs, originally for a total of 250,000 shares, vest as to one-third of the shares on the one-year anniversary of the December 5, 2020 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. |