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 | -28.1K | -16.67% | $0.00 | 141K | Jan 5, 2025 | Common Stock | 28.1K | Direct | F2, F3 |
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 337,500 shares, vest as to one-third of the shares on the one-year anniversary of the April 5, 2023 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. |