Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FTNT | Restricted Stock Units | Award | $0 | +29.2K | $0.00 | 29.2K | Feb 21, 2024 | Common Stock | 29.2K | $0.00 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
F2 | 25% of the RSUs will vest on February 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. |
F3 | RSUs do not expire; they either vest or are canceled prior to the vesting date. |