Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FTNT | Performance Stock Units | Award | $0 | +8.97K | $0.00 | 8.97K | Jan 24, 2024 | Common Stock | 8.97K | $0.00 | Direct | F1, F2, F3, F4 |
Id | Content |
---|---|
F1 | Represents restricted stock units ("RSUs") earned as a result of the achievement of performance criteria based on relative shareholder return pursuant to a performance-based RSU award with a performance period that ended on December 31, 2023, as certified by the HR Committee of the Issuer's Board of Directors on January 24, 2024. |
F2 | Each RSU represents a contingent right to receive one share of the Issuer's common stock. |
F3 | 100% of the RSUs vest and settle on February 1, 2024, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. |
F4 | RSUs do not expire; they either vest or are canceled prior to the vesting date. |